A Picture Tells a Thousand Words
Remember, these graphs only go through 2000, so this is before the Bush tax cuts. Still, these wealthy people stand to lose a lot more from a crappy economy than they stand to gain from Bush’s tax cuts–but when will they figure this out? Go read the whole NYT story. And hell, I pay an effective tax rate a bit over 20%, the same as 400 wealthiest taxpayers paid in 2000.