Quoting from its study “New IRS Data Show All Income Groups Have Seen Tax Liabilities Fall Since 2000”, the article reports that “the percentage decrease in tax burden was greatest for those in the lowest income groups between 2000 and 2004.”
A taxpayer with an Adjusted Gross Income (AGI) or $35,000 saw a 40% decrease in tax burden. The tax burden of an individual earning $1.75 Million decreased by only 14.8%.
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