Terminology

Facts, Thoughts and Opinions

Bush tax cuts

The Bush income tax cuts resulted in the rich paying more federal income tax and a greater share of the federal income tax, and the poor paying less federal income tax and a lesser share of the federal income tax. Federal revenue soared as both personal income tax and capital gains tax revenue increased. By 2007 the federal deficit was lower than in 2000.

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Income Taxes
Irony
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