Graph of the Day for October 11, 2009

"At a time when some people badly could use help, Mr. Bush's tax cut mostly will help those who need it least. And while the president is warning Congress to restrain its spending on basics such as education and aid to the poor, the tax cuts will further inflate his growing budget deficit."

Washington Post editorial, in January 2003. 


Actual Federal Income Taxes Paid as % of Income, by Income Bracket



Source:  US Statistical Abstract, Table 470


Hoven's Index for October 11, 2009


Federal budget deficit as % of GDP, in 2002:  1.5%.

In 2007:  1.2%.


Non-defense federal spending as % of GDP, in 2000: 15.4%.

In 2006:  16.4%.


Source:  US Statistical Abstract, Tables 451 and 453

"At a time when some people badly could use help, Mr. Bush's tax cut mostly will help those who need it least. And while the president is warning Congress to restrain its spending on basics such as education and aid to the poor, the tax cuts will further inflate his growing budget deficit."

Washington Post editorial, in January 2003. 


Actual Federal Income Taxes Paid as % of Income, by Income Bracket



Source:  US Statistical Abstract, Table 470


Hoven's Index for October 11, 2009


Federal budget deficit as % of GDP, in 2002:  1.5%.

In 2007:  1.2%.


Non-defense federal spending as % of GDP, in 2000: 15.4%.

In 2006:  16.4%.


Source:  US Statistical Abstract, Tables 451 and 453