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Law, Politics, Uncategorized

Historic tax rates: burden increased on top incomes

Never sit still when told that the “rich” pay less in taxes than they should due to the tax cuts in the ’90’s.
A very interesting set of tables showing relative tax rates for households from the ’70’s to 2007.
There’s also a table showing Effective Individual tax rate, social taxes (Medicare and Social Security), and Effective Excise and Corporate taxes. You can view it online, in a pdf or in your Excel files.

This information belies the concerns that the rich don’t pay their fair share or that the burden of taxes falls heavier on the middle class due to “Bush Tax Cuts.”

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Conservative Christian Family Doctor, promoting conservative news and views. (Hot Air under the right wing!)


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