The dems are bring up that whole tax burden is on the middle class thing yet again. I posted this awhile back, but, hey, finding lost treasure.
According to the CBO report, the top 20 percent of income earners would have paid 64.0 percent of federal taxes in 2004 without the Bush tax cuts. As it is, with the Bush cuts, they will pay ‘only’ 63.5 percent. And what happens in 2005? The top earners would have paid 64.0 percent of federal taxes but now, because of this egregious ‘transfer,’ will pay only 64.3 percent (no sic!), which to our reading looks like an increase in tax burden.
Now let’s look at the middle 20 percent of earners. In 2004, they would have paid 10.4 percent of federal taxes without the Bush cuts. With the cuts, they will pay 10.5 percent of federal taxes. Note, however, that because of the cuts, the federal tax burden for the middle 20 percent of earners dropped from 16.5 percent to 14.6 percent. In other words, these earners are paying a slight bit more of federal taxes, but a lot less in federal taxes. In other words, their taxes were cut.
Please stop, Dems, it is just embarrasing.
Flat Tax! Flat Tax! Flat Tax!
Exactly. And W and Hassert can give it to us.