This should get discussion going.
Ezra Klein, who writes about "Economic and Domestic Policy, and Lots of It" for the Washington Post, last week posted a graphic showing how many dollars various income groups would save under Dubya's soon-to-expire tax cuts and under Obama's tax plan.
The circles, which indicate that the middle class would fare better under Obama's plan whereas wealthier folks would do quite well if the current tax rates remain in effect, prompted, says Klein, a lot of reaction.
"What you can see there is that even in percentile terms," writes Klein, "the Bush tax
cuts do much more for the incomes of the rich than the poor, and the Obama
proposal would do a lot more for the poor than for the rich. Make of this what
As I said, let the discussion begin.Related posts:
- Your 2011 tax burden revised
- Your 2011 tax burden
- White House tax reform panel report to be issued on Aug.
- 'Uncle' Alan Greenspan's latest on taxes
- Debunking 5 Bush tax cut myths
- Tax cuts or total tax reform?
- Is it time for tax reform?