The Biggest Tax Collector in American History

http://www.futureofcapitalism.com/2010/08/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.]

Interesting stuff.

by Ira Stoll  |  Aug 16, 2010 at 8:59 am Related Topics:  Definition of 'Rich', Income Inequality, Politics, Taxes receive the latest by email: subscribe to the free futureofcapitalism.com mailing list