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MDN
Nelson Minar
Blog licensed under a Creative Commons License
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Thanks to the New York
Times I now know how much advantage there is in being a rich
Republican.
The Bushes paid 27.7 percent of their adjusted gross income in federal
income taxes. The Cheneys, whose income was much larger, paid 19
percent of their adjusted gross income, though when their income from
tax-exempt bonds is considered, the Cheneys' effective tax rate was
12.7 percent.
I'm paying about 25 percent of my AGI in federal taxes. My
income is a tiny fraction of these guys, and my mortgage deduction is
proportionally a lot larger. So why am I paying about the same
fraction of my income as the Bushes and a lot more than the Cheneys?
Man, I need to make a million bucks a year. |
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