Re: Reagan's funeral
in article catdie$o00$1@news.Stanford.EDU, mtfester@netMAPSONscape.net at
mtfester@netMAPSONscape.net wrote on 6/18/04 9:38 AM:
> If you were REALLY so inclined, you would find that the average tax paid
> for the upper 1% income bracket went from 33.13% to 26.41%, or roughly
> a 20% cut in their taxes. For the upper 5% (which INCLUDES the upper 1%)
> it went from 25.68% to 22.10%, or about a 14% cut. For the upper 10%, it
> went from 22.64 to 19.77, or about a 13% cut. For the 25, it went 18.72,
> 16.61, or 11%. For the overall upper 50%, 16.32, 14.60, ~11%.
>
> Further, looking at
>
> Total Income Tax Shares (percentage of federal income tax collections
> paid by each group)
>
> We see that the tax burden shifted downwards for the upper 1%, upwards
> for everyone else in the table.
Mike, I think you need to check what you read for accuracy. The fact that
the tax rate was flattened does not mean that the tax burden shifted upward
for everyone else in the table. That would presuppose that the total tax
burden was a constant, which it was not.
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