Wednesday, July 23, 2008

Chart(s) of the Day

Lefties often presume Bush's tax policy aided the rich at the expense of the poor. I have previously shown this wrong: overall tax revenues rose (FY07 data), the percentage, share and average tax rates of wealthy Americans are up, income inequality is overstated via statistical manipulation, income mobility remains high, and incomes among the lower quintiles are rising far faster than those at the top. Monday, the Wall Street Journal and Powerline updated the numbers with 2006 data, the latest available from the Treasury Department:

source: WSJ

source: Powerline

Spread the word--before the tax system becomes FUBAR.

(via Qando, RedState)

1 comment:

OBloodyHell said...

> Spread the word--before the tax system becomes FUBAR

LOL, and, at how many thousands and thousands of pages it's not already FUBARed?