Will Media call Bush WH budget Dir lie that Rich pay more? $ of tax drop!

[papau]

http://www.drudgereport.com/flash3jb.htm

The White House budget director Josh Bolten on Monday bragged to reporters how the nation most-wealthy will see an increase in tax burden under Bush's new budget.

"If you look at the president's tax cuts as a totality, the income tax, those at the upper end of the spectrum are now paying a larger share of the income tax than they were before," Bolten explained.

"An example, the top 5 percent in income in this country -- that's people making above about $140,000 -- without the president's tax cuts that top 5 percent would be paying about less than 52 percent of our total income tax revenue.

"After the president's tax cut that group is paying more than 54 percent of our total tax revenue. So the notion that the president's tax cuts have somehow made the code less progressive is wrong. The president's tax cuts have made the tax code more progressive."
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NOW THIS IS BULLSHIT -- If FIT drops from 60% of Federal Revenue to 50%, as payroll tax take rises from 30% to 40% of the cost of government (10% borrowing),

if the rich 1% in the pre-Bush days paid 30% of FIT, and 0.00001% of payroll tax, they paid 18% of the cost of government.

And post Bush they paid 32% of FIT and .oooo1% of payroll - the rich pay 16% of the cost of government!

They pay a higher portion of FIT, but a lesser proportion of the cost of government - meaning lesser dollars.

They have a 20% tax cut, but pay a higher % of the FIT.

Is this hard for the media to understand?

:-)