AdamT
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2002 rates decreased another 0.5%, while 2003 rates decreased even further....
Oh SNAP!! :2rofll:
2002 rates decreased another 0.5%, while 2003 rates decreased even further....
Go back and read exactly what I wrote about the tax code changes. I started off saying MOST of the Bush tax cuts took place in 2003, that is why I think it's the best base to use when looking at that change in tax policy and it's effect on tax revenues. But for some odd reason you think the hyper progressive 2001 tax cuts that slashed the taxes of the low income earners, protected many low income earners from AMT taxes and barely moved the other brackets by .5% somehow contradicts what I said. It doesn't.2002 rates decreased another 0.5%, while 2003 rates decreased even further.
Code:Table 2. Effective Federal Tax Rates and Shares Under Current Tax Law, Based on 2001 Incomes, by Income Category, 2001 to 2014 Year 2001 2002 2003 2004 2005 2006 2007 2008 2009 [...] Total Effective Federal Tax Rate All Quintiles 21.5 20.7 19.9 19.6 21.4 21.6 21.7 21.7 [...] [url=http://www.cbo.gov/doc.cfm?index=5746&type=0&sequence=1]Effective Federal Tax Rates Under Current Law, 2001 to 2014[/url]
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Signed, a proud Googler
Go back and read exactly what I wrote about the tax code changes. I started off saying MOST of the Bush tax cuts took place in 2003, that is why I think it's the best base to use when looking at that change in tax policy and it's effect on tax revenues. But for some odd reason you think the hyper progressive 2001 tax cuts that slashed the taxes of the low income earners, protected many low income earners from AMT taxes and barely moved the other brackets by .5% somehow contradicts what I said. It doesn't.
I will give you credit for providing a half answer.
For the other taxtards, the fact of the matter is the full impact of the Bush tax cuts took place in 2003, he signed a law in 2003 to accelerate the drop in marginal taxes for almost everybody. After the drop in revenue in 2003, tax revenues soared to record levels after those cuts. Accept the facts. If you are going to bitch about the Bush tax cuts, at least try to use marginally relevant data to make your argument.
Percentage of Returns by the Highest Applicable Statutory Marginal Tax Rate, 1958-2009
Feel free to take each post I made and show me where I back peddled.OH GOD!!I hope you rolled your pants-legs up with all of that back peddling.:2rofll:
Feel free to take each post I made and show me where I back peddled.
I am pretty certain I pay in one year what you will pay in your lifetime. Save the "Fair Share" silliness for someone it applies to.