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Fewer rich people are paying any taxes

Think Bush’s tax cuts reduce taxes for the wealthy? How about eliminating them altogether?

In 2005, the number of federal tax returns with $200,000 or more of adjusted gross income that paid absolutely no federal income taxes at all jumped 161% compared to the year before.  In addition the number who paid absolutely no income taxes worldwide increased 75%. These numbers come from the IRS, and the increase in tax avoidance comes directly from two tax law changes.