Wednesday, 13 March 2013

Those poor rich folks

Kevin Drum (the infamous California Pundit) points out, with numbers, what many of us have been suspecting for a long time: rich folks pay less in taxes than they ever have, and it's getting better for them.

[A]n average family paid about 5% of its income in federal taxes in 1948 and today pays about 25%. During the same period, the effective tax rate on millionaires declined from about 75% to 26%.
Rich people pay less, regular people pay more. This is why the Republicans, yet again, are dead wrong. The middle class needs to stop supporting these greedy pukes.

And before some conservative schmoe crawls out of the woodwork to accuse me of "class warfare," let me cut him/her/it off: yes, I am. I'm a socialist. I see evidence of the disparity of class everywhere.

But that's only because it exists.


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