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Trivia Tidbit Of The Day: Part 429 -- Our Redistributionist Tax Code.

A Lot Of Redistribution From A Lot Of People-

It's good to see that Investor's Business Daily has picked up the Tax Foundation study cited here yesterday, with this graph:

Today, some 44 million Americans pay no taxes at all. Meanwhile, the upper 5% of all income earners in 2004 paid 57.13% of all taxes, up from 35.01% in 1980. In other words, the U.S. tax code is becoming more progressive, not less.

The most interesting part of all of this data is that it's not just the top 1% or 10% of Americans getting bilked to fund all of those wonderful programs Democratic politicians depend on to stay in power.

It's not just that tiny set of ultra-rich folks-- symbolized by Paris Hilton-- who probably deserve to be soaked anyway, getting soaked. It's the top dad gummed 40%. That's a lot of people.

Again, the original study, more than 100 pages long, can be found in .pdf format here.

Previous Trivia Tidbit: The Real Story On Government Spending.

Posted by Will Franklin · 27 March 2007 09:12 PM

Comments

Posted by: Chief RZ at March 28, 2007 07:27 PM