Tax Factoid: George Bush actually increased income taxes on “the rich”
Total Federal Income Taxes Collected
(millions of dollars)
|
Tax years |
Total |
Top 1% |
Top 5% |
Top 10% |
Top 25% |
Top 50% |
Bottom 50% |
|
1993-2000 |
5,657,497 |
1,890,430 |
2,957,244 |
3,600,143 |
4,634,457 |
5,414,476 |
243,021 |
|
share |
|
33% |
52% |
64% |
82% |
96% |
4% |
|
2001-2008* |
7,003,385 |
2,605,276 |
4,014,360 |
4,788,040 |
5,952,994 |
6,772,215 |
231,170 |
|
share |
|
37% |
57% |
68% |
85% |
97% |
3% |
* IRS data complete through 2005 (http://www.irs.gov/pub/irs-soi/05in05tr.xls).
Forecast for 2006-2008 assumes no increase in tax collections despite recent
upward trend, actual numbers may be larger.
By the end of his term, George Bush will collect over
$1.3 trillion dollars more in income taxes than Bill
Clinton. Only the bottom 50% of taxpayers will have sent fewer income tax
dollars to
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Our nation would be in even deeper debt without you!
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