Posted by
gzuz on Saturday, March 29, 2008 12:00:00 AM
I'm sure most conservatives already know this but just for those cool aide drinkers that believe the Democrat rhetoric about how the “Rich” don’t pay enough taxes and should pay more and especially how Bush’s tax cuts were “only for the rich”. Here is some fascinating information. In 1999, the Clinton era, the “Rich” (top 10%) were paying around 66.5% of all the taxes and the bottom 10% paid 4% in taxes. In 2005 the “Rich” paid 70.3% of all the taxes and the bottom 10% paid 3.07%. The lowest wage earners are actually paying almost a full percentage point less under Bush than under Clinton and the “Rich” paid 4% more under Bush’s tax plan than Clinton’s. In fact the top 1% actually paid an additional 3% under Bush and the top 50% paid a total of 1 % more under Bush as opposed to Slick Willy’s. Of course, you will never hear that from Obama or Clinton or any Democrat. They want you to believe that somehow the “Rich” received all the tax breaks and the lower earners are paying the brunt of the taxes. One more little tidbit, in 2007 a married couple with two kids and a little over 40K in AGI will pay -0-, that is Zero in taxes (save FICA/Medicare. So the next time you hear a democrat tell you that the Bush cuts were for the rich and need to be repealed at least you’ll know who’s lying, sorry I mean who misspoke.
You can see the actual tables by clicking on the link below.
National Taxpayers Union & National Taxpayers Union Foundation http://www.ntu.org/main/page_printable.php?PageID=6