Income Tax Distortion

This is another great artical about the distortion about
income taxes. Since the dems will be in controll on 07
they want to get rid alot of the tax breaks that went
into effect in 2001 and 2003.

From Milwauke Journal online and Patrick McIlheran,
LINK

Do you libs and cadys understand these comments?

"Debate over taxes illustrates this. Resurgent,
Democrats say they'll let President Bush's tax cuts expire."
Not all of them, though: They'll keep some breaks, they say,
that help the meritoriously unrich. It may surprise you that
there were any, since the left's unrelenting line has been that
the cuts shafted the middle class.
They didn't. The non-partisan Tax Foundation reports that
in 2000, people earning more than $200,000 a year, roughly
the top 2%, paid 47% of all federal income taxes, including
those on dividends and capital gains.
In 2004, after the Bush cuts, those making over $200,000
paid 50% of federal income taxes.
Every income group making more than $75,000 a year
saw its share of the burden increase from 2000 to 2004.
Every group under that saw its share decrease. In 2004,
about 45% of all taxpayers making less than $50,000 paid
no income tax at all, up from 32% in 2000.
Nor is this a momentary quirk. In 1980, the top 5% of earners
paid 37% of federal income taxes. In 2004, those in the top 5%
paid 57% of the nation's income taxes. By contrast, the bottom
50% of earners paid 7% of federal income taxes in 1980; they
paid 3% in 2004. These trends have run almost uninterrupted
since then.

I like this line ,
To which the left's answer has been, "So what?"

"So What", The rich are paying more taxes , the middle
income is paying almost no taxes and you lefties want to
raise taxes?

We just love you lefties, thanks for raising our taxes!