Hmmm. Lookey here.
In tax year 2000 (last of the Clinton years), the top 1% threshold was $313,469. The amount of tax paid as a percentage was 37.42%. In 1999, the top 1% paid 36.18% of income.
The Bush years;
............Top (AGI) 1% threshold............% of income paid in tax
2001................292,913....................................33.89
2002................285,424....................................33.71
2003................295,495....................................34.27
2004................328,049....................................36.89
2005................364,657....................................39.38
2006................388,806....................................39.89
2007................410,096....................................40.42
2008................380,354....................................38.02
So how can it be that Bush gave a big tax break to the wealthiest Americans when his tax plan captured a larger percentage of a larger adjusted income?
Kinda debunks that old tired leftist mantra a little, don't it?
The highest AGI percentage tax the Clinton plane ever produced was 37.42%. If you average the top 1% tax paid during the Clinton years you get 32.74%. If you do the same for the Bush years you get 37.06%.
Shhhhhhoooocker.
Eat it Red.
Edit: Wrong link posted
Correct link
http://www.irs.gov/pub/irs-soi/08in03etr.xls