Saturday, August 28, 2004

Just the Facts, Ma'am

Spinsanity has a little article pointing me to a CBO report on the share of Federal Taxes paid by each quintile.

If one were to read the report, one would learn that in 2005 every quintile except the top quintile will be paying HIGHER taxes than when Bush took office.  I repeat, every quintile except the top quintile will be paying higher taxes in 2005, after the three Bush-signed tax acts, than before Bush took office.

 20012002200320042005
Lowest Quintile5.45.35.25.25.5
Second Quintile11.611.611.011.112.0
Middle Quintile15.215.014.514.615.6
Fourth Quintile19.319.118.518.519.6
Highest Quintile26.825.424.423.826.3
(from page 18 of 32 of the report)

No comments: