Chart of the Day: Being Rich in America is a Pretty Good Gig

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This will come as no surprise to any of you at this point — I hope — but it never hurts to see it again. The combination of the 1997 capital gains tax cut, the 2001 Bush tax cut, and the 2003 Bush tax cut has been fantastically beneficial to the richest of the rich in America. Most of us ordinary schlubs have seen our tax rates go down about three percentage points over the past decade or so. The rich have seen them go down about seven percentage points. And the super-duper rich? Their taxes have gone down nearly ten percentage points.

It’s pretty nice having a bought-and-paid-for Congress, isn’t it?

HERE ARE THE FACTS:

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ONE MORE QUICK THING:

Our fall fundraising drive is off to a rough start, and we very much need to raise $250,000 in the next couple of weeks. If you value the journalism you get from Mother Jones, please help us do it with a donation today.

As we wrote over the summer, traffic has been down at Mother Jones and a lot of sites with many people thinking news is less important now that Donald Trump is no longer president. But if you're reading this, you're not one of those people, and we're hoping we can rally support from folks like you who really get why our reporting matters right now. And that's how it's always worked: For 45 years now, a relatively small group of readers (compared to everyone we reach) who pitch in from time to time has allowed Mother Jones to do the type of journalism the moment demands and keep it free for everyone else.

Please pitch in with a donation during our fall fundraising drive if you can. We can't afford to come up short, and there's still a long way to go by November 5.

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