Cato-at-liberty » Tax Shares for Rich and Poor

Cato tries to prove Warren Buffet wrong, building on a conservative thinktank's flawed tax analysis to show (falsely) that tax rates have declined more for lower income than the rich.

The study doesn't pass the “sniff test”.  Take this statement:

Re: Cato-at-liberty » Tax Shares for Rich and Poor:

Now consider the middle-income “top 26-50%” group, for example. Their tax rate fell from 9.28% to 6.93%, a reduction of 25%. 

Find me a middle-income taxpayer who is paying 7% of their AGI (Adjusted Gross Income) in taxes.  Ain't happen'n.

When I looked at their table of supposed tax rates over the last 15 years, and considered my income level during those years, there was never a time when I paid a rate anywhere near as low as they claim.

So, whatever numbers they've cooked up, they just don't make sense.