"War is an ugly thing, but not the ugliest of things: the decayed and degraded state of moral and patriotic feeling which thinks nothing worth a war, is worse." --John Stuart Mill (1806 - 1873)

Thursday, April 08, 2004

KERRY LIED!!!

To those who say BUSH LIED!!! because biological and chemical weapons have not been found in great quantities in Iraq, I would say, There's a world of difference between a (possible) intelligence failure that was duplicated by every nation with an active intelligence program, and a deliberate, bald-faced lie.

From JohnKerry.com:

“I intend to return tax fairness to America,” said Kerry. “With George Bush’s tax cuts, the top one percent of taxpayers have received almost forty percent of the breaks. Meanwhile middle class working people have seen their share of the tax burden go up, not down.”

Here are the facts (hat tip to Bruce Bartlett of NRO):

  • In 1984, at the time of the Reagan tax cut, households with income in the bottom quintile paid an average federal tax rate of 10.2%. Top quintile households were taxed at an average rate of 24.5%.
  • In 2000, the bottom quintile was taxed at 6.4%, the top quintile at 28.0%.
  • In 2001, bottom quintile at 5.4%, top quintile at 26.8%.

So...the folks in the bottom 20% saw their average tax rate cut almost in half, while the money-grubbing monopolists in the top 20% saw their rate change not very much at all.

  • In 1984, the bottom quintile's share of the total tax burden was 2.4%. The top quintile's share was 55.6%.
  • In 2001, the bottom quintile paid 1.1% of all federal taxes. The top quintile paid 65.3%.

So...those at the bottom saw their share of the overall tax burden slashed more than 50%, while the tennis-playing weenies at the top were responsible for paying a significantly increased share.

And what about that top 1% of taxpayers that Kerry refers to--the selfish Thurston Howells that get all the "tax breaks"?

  • In 1984, their average tax rate was 28.2% and their share of the tax burden was 14.7%.
  • In 2002, their average rate was 33.0%, down marginally from 33.2% in the previous year, and their share of all federal taxes paid was 22.7%.

So...where exactly are those infamous, unfair, massive tax cuts for the rich? Where is the "forty percent of the breaks" Kerry talks about?