Wealthy bear more of income tax burden under Bush

A report from the nonpartisan Congressional Budget Office

shows that Bush’s tax cuts have been "progressive" — that is, they have shifted the share of the overall federal income tax burden toward the wealthy and away from lower-income earners.

To be specific, the bottom three quintiles in terms of income each pay a lower portion of the total income tax burden under the Bush law than they did previously. The top two quintiles each pay a higher portion of the total income tax burden under the Bush law. And for the record, the top decile, the top 5% and the top 1% each pay a higher portion of the income tax pie under the Bush law.

You wouldn't know it if you get your news from network TV or the New York Times. Donald Luskin has the story on the Detroit News editorial page.

Read the article and check out this chart:

(Hat tip: Polipundit.)

Update: Same scenario happened with the Reagan tax cuts.