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Location: Pantego, Texas, United States

Monday, October 15, 2007

Some data on the tax rates paid by different income groups show that the Bush tax cuts had more impact at the bottom. The top 5% of taxpayers are payin the same rate now that that group paid in 1990. On the other hand the rate paid by the bottom 50% is about half what it was in 1990. The Clinton tax increase had pushed up the rate for the top 5% from 23 to 28%, while the bottom 50% rate was about the same as in 1990.

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