[Verbatim alert] [Kerry's] ad says "the middle class is paying a bigger share of America's tax burden." True. But it's a smaller burden all around. And the richest still pay the most.
Summary
A Kerry ad that claims to tell "the truth on taxes" falls short of doing so. It says that "after nearly four years under George Bush, the middle class is paying a bigger share of American's tax burden and the wealthiest are paying less." That's true as far as it goes. However, the total federal tax burden on all income groups has been reduced, just more for some than for others. It's true that the top 20% of income earners now pay a smaller share of the reduced tax burden, but so do the bottom 40% of earners. Those in the middle 20% now pay an average of 14.5% of their income for all federal taxes, a reduction 1.9 percentage points as a result of the Bush cuts. That middle group pays 10.5% of the reduced overall federal tax burden. That share has gone up as the Kerry ad says -- by 2/10ths of one percentage point.
More like this story
More stories by this author
- EDITOR'S NOTE: 19 Years of Love, Hope, Miss S, Dr. S and Never, Ever Giving Up
- EDITOR'S NOTE: Systemic Racism Created Jackson’s Violence; More Policing Cannot Stop It
- Rest in Peace, Ronni Mott: Your Journalism Saved Lives. This I Know.
- EDITOR'S NOTE: Rest Well, Gov. Winter. We Will Keep Your Fire Burning.
- EDITOR'S NOTE: Truth and Journalism on the Front Lines of COVID-19