Quote:
Originally Posted by loquitur
dippin, there are lots of ways to massage those numbers. Try looking at how much of each person's tax burden was cut. You'll see the graph turned roughly upside down. If you want to talk about marginal utility of the cuts, it's much greater at the bottom.
But look, progressivity of tax burden raises lots of other issues. The only thing it's really good at is biting the people at the top. It's less thanc lear how much it helps those at the bottom.
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That is only true when you consider individual income taxes exclusively. But as I have stated previously, a lot of the tax cuts came through capital gains tax cuts, and the tax cuts excluded things like payroll and social security taxes. Looking at the total federal taxes:
Effective Federal Tax Rates Under Current Law, 2001 to 2014