The Bush Tax Cuts

I referenced these figures from Citizens for Tax Justice regarding the Bush Tax Cuts in another post, and then started looking more.

In June of 2001, Bush signed a bill cutting taxes by $1.3 trillion - more than the cost of the House Health Care Bill and less than the Lie In Iraq has cost. Here are some really interesting figures.

Although everyone's taxes went down, look at the percentages. Look at whose dropped the most. The upper 1%'s taxes dropped by almost double the next closest demographic.

Next, look at the change in share of total taxes paid. The Top 1% paid 2.4% less. Those in the top third of wealth (upper middle class, from 61-99) paid more.

But it's the true middle and lower classes that interest me the most. Their share didn't change much at all. They still carry the same amount of burden. The truly interesting part is that these are the people being duped by the GOP. These are the Palin-ites. These are the teabaggers. These are the people who have been fooled into thinking that the Republicans represent their issues, are fighting for their tax dollars.

It's all bullshit. They're fighting to protect the interests of the very, very, very wealthy.

It's all a con and still some people are dumb enough to buy it.