The Corner

Now That’s Some Bad Stream-Crossing

Mark Perry at the Enterprise Blog has some interesting thoughts and charts, including this one:

He then adds:

Bottom Line: Taken together, the data in these graphs challenge the rhetoric that the Bush tax cuts were “tax cuts for the rich,” by showing first that there were more Americans, both in total numbers and as a share of the total, who paid no tax after the Bush tax cuts than before. One could even argue that the Bush tax cuts of 2001 and 2003 were actually huge “tax cuts for the poor and middle class” because they helped to increase the number of “non-payers” by more than 14 million Americans between 2000 and 2007. Secondly, the tax burden on “the rich”—the top 1 percent of taxpayers—reached a record high in 2007 of more than 40 percent, and was higher after the Bush tax cuts than before.

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