Think Again

You know how those Bush tax cuts only went to the top wage earners? Not quite:

A report from the nonpartisan Congressional Budget Office has Democratic presidential candidate John Kerry claiming it proves that “Over the last four years, the burden of taxes has shifted from the wealthy to the middle class.”
Those are politically motivated lies that distort the findings of the report. Here’s the truth.
The report proves that what President Bush said about his tax cuts is true: “Tax relief is for everyone who pays income taxes.”
It’s true for the rich, and it’s true for the not-so-rich. Across 109.4 million tax-paying households — from the wealthiest 1 percent with incomes averaging over $1 million to the lowest-earning 20 percent of people with incomes averaging $14,900 — the report shows that all income classes have seen their income tax rates lowered thanks to Bush’s cuts in 2001, 2002 and 2003.
The CBO report shows how 2004 income tax rates have dropped for everyone compared with tax laws in force in 2000.
The report also shows that Bush’s tax cuts have been “progressive” — that is, they have shifted the share of the overall federal income tax burden toward the wealthy and away from lower-income earners. Without the Bush tax cuts, the highest-earning 20 percent of households this year would have paid 78.4 percent of all federal income taxes. Now, after the Bush tax cutes, their share of the burden has risen to 82.1 percent. Every other group now pays a smaller share of the total income tax burden.

Look at the charts, they show the real truth. The top 1% increased with regards to the total tax burden. I'm somewhere between the 3rd through fifth tier and I am happy with whatever cut I could get as opposed to the lower tiers.