What they don't want you to know
I love it when I come across hard facts like this on how much wealthy people pay in taxes. It shows just one aspect of the true legacy of republicans like Bush - they talk about tax cuts but those cuts never reach very far down the ladder. The richest 400 Americans got a 33% tax cut, down to 17.2%. When was the last time you got a 33% cut? If you're an average American, the answer is never have, never will. If you're at the top of the food chain, however, it happens whenever the stalwarts of trickle down economics are in power long enough.
I can't even remember when my tax rate was 17.2%, but I can comfortably guess it was at least 15 years ago. What a government we have working for us common folk...
Posted by Becky on October 09, 2009 at 12:27 PM CDT #