"Facts are the enemy of truth."
"All truths are easy to understand once they are discovered; the point is to discover them."
--- Galileo
So here are some facts:
(1) The wealthy are paying a greater share of taxes than in the past. A recent Congressional Budget Office report shows the top 1 % of taxpayers pay 34.8% of ALL income taxes, when in 1987 the top 1 % paid "only" 24.8% of all taxes.
(2) The top 25 % of all taxpayers now pay 82.7% of all income taxes, as compared 1987 when the top 25 % of all taxpayers paid 76.9%.
(3) Since the 2001 and 2003 taxcuts, 39.6 million families have been removed from the income tax rolls according to studies by the Tax Foundation and Citizens for Tax Justice.
How does this square with the claim, "the tax cuts were only for the rich"?
--- Galileo
So here are some facts:
(1) The wealthy are paying a greater share of taxes than in the past. A recent Congressional Budget Office report shows the top 1 % of taxpayers pay 34.8% of ALL income taxes, when in 1987 the top 1 % paid "only" 24.8% of all taxes.
(2) The top 25 % of all taxpayers now pay 82.7% of all income taxes, as compared 1987 when the top 25 % of all taxpayers paid 76.9%.
(3) Since the 2001 and 2003 taxcuts, 39.6 million families have been removed from the income tax rolls according to studies by the Tax Foundation and Citizens for Tax Justice.
How does this square with the claim, "the tax cuts were only for the rich"?
posted by HeavyHanded at
11:26 PM
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