The Tax Foundation reports that between 1986 and 2008, the share of federal income taxes paid by the top 5% of earners has risen to 59% from 43%. Between 1986 and 2009, the percentage of Americans who pay zero or negative federal income taxes has increased to 51% from 18.5%.
- From a column by Arthur C. Brooks in the WSJ today. Cartoon by Chip Bok.
This after Bush's "tax cuts for the very rich".