The Biggest Tax Collector in American History
The biggest tax collector in American history was George W. Bush, Bill Frezza writes at Real Clear Markets:
During the eight years of the Clinton Administration the Federal government collected a total of $5.66 trillion dollars in individual income taxes. During the eight years of the Bush Administration the Federal government collected approximately $7.45 trillion dollars in individual income taxes. The rich - that is, the top 1% of taxpayers - not only forked over a trillion dollars more to Uncle Sam under Bush than under Clinton, their share of the income tax burden increased from 33% to 38%.
[Edited August 25 to reflect a correction issued by Mr. Frezza.]
by Ira Stoll | Aug 16, 2010 at 8:59 am
Related Topics: Definition of 'Rich', Income Inequality, Politics, Taxes
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