Tax page

"Why does tax policy increasingly favor the rich? ... The most obvious explanation is that legislators were becoming ever more dependent on large campaign contributions. As the rich got richer in the 1980s and '90s, they were increasingly willing and able to provide such contributions. Candidates need money to run for office. If newcomers cannot appeal to donors who can write big checks, their chances of success are slim. If incumbents alienate big-money donors, their chances of facing a well-financed challenge increase. Legislators who catered to the interests of the rich therefore became more numerous. This logic applied to Democrats as well as Republicans."

Christopher Jencks

Tax the Wealthy - why America needs the estate tax
A Guide to the Millionaires' Tax Cut
Corporate Taxes
Bush's Most-Favored Taxpayers - top 1 percent gain from the tax cuts

Heritage Foundation & income tax rates
The Repeal of the Estate Tax: Dead but for how long?
Tax Cuts for Greedy Bastards - Molly Ivins

"The share of income going to the rich today is roughly the same as it was between 1913 and l929. The share of income going to the rich was cut in half between l929 and 1959, with most of the decline coming between l929 and 1945. It stayed low during the 1960s and '70s. It has climbed steadily since 1980."

Christopher Jencks

Bush's Tax Cut for the Rich
A Better Kind of Wealth Tax

"Death Tax" Deception - movement to repeal tax on inherited wealth
Tax the Plutocrats!
Long Live the Estate Tax!
New Gang, Old Myths - the coming tax debate
Double Taxation Double Speak: Why Repealing Dividend Taxes Is Unfair
Bush's Sleights of Hand
Sacrifice Is for Suckers - Robert Borosage
A Taxing Problem - Diminishing Progressivity in the U.S. Tax System
Tax Waste Not Work!
Offshore Thing (3/04)
Tax Cut Time Bomb (3/04)
The Great Tax Shift (5/04)
Unenlightened Self-Interest [estate tax repeal] (6/04)
The Coming Era of Wealth Taxation (7/04)
Corporate Tax Cut Bonanza (11/04)
Freeloaders - Declining Corporate Tax Payments In the Bush Years (11/04)
Why You Should Be Screaming for Higher Taxes (1/09)

"It is projected that of the more than $100 billion of the [George W. Bush] tax cuts set to take effect in 2005, 73 percent will go to the top 20 percent of tax payers... Those with incomes over $1 million a year in 2005 will receive a tax cut of $135,000 a year. All those with incomes less than $76,400 will get about $350 on average... The Brookings and Urban Institute's Tax Policy Center estimates the annual transfer in income to the rich and super rich flowing from the Bush 2001-2003 tax cuts is $113 billion a year."

Jack Rasmus

State Corporate-Tax Follies (2/05)
Where Do Our Income Tax Dollars Go? (3/07)

Economics watch

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