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Pastimes : Discussion Thread
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To: tejek who wrote (3268)3/5/2009 8:32:10 PM
From: Oeconomicus1 Recommendation  Read Replies (1) of 3816
 
"FACT: Bush's policies favored the rich."

Sorry, not fact. Conjecture. And unsupported by fact at that. The facts are that the structure of federal taxes overall (not just income taxes, though true of that, too) has become MORE progressive, not less so, since 2000; and that the shares of the total federal tax burden born by the top 20%, top 10%, top 5% and top 1% of earners have all risen significantly since Bush's "tax cuts for the rich" while the shares of pretax incomes for the top quintile and top 1% are roughly the same. Also, the Gini coefficient (look it up if you don't know) for US household income has been essentially flat since Bush took office through 2007 (the last year BLS reports) after rising singnificantly from 1992 to 2000. See census.gov .
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