‘Tax Cuts for the Rich’ in One Chart

Friday, September 28th, 2012 and is filed under Blog, Taxes

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Have you ever bumped into a liberal acquaintance who won’t stop bloviating about the “tax cuts for the rich?”  Well, as is often the case with liberals, it’s hard to argue with them because they know so much that just isn’t so.  As we’ve pointed out before, since the Reagan and Bush tax cuts were implemented, our tax code has become even more progressive.  So anyone who is suggesting that we let the Bush tax rates expire on the “rich” is absurdly asserting that the tax code is not progressive enough under the current system.  Well, here is one chart from the Tax Foundation that deracinates the entire liberal premise about who pays their “fair share.”

Source: Tax Foundation