"Progressive" Taxation

Kevin Drum sez that regular readers shouldn't be surprised at this, but I sure am... not that our taxation isn't as progressive as most people think it is, but rather than the rates are actually higher for someone making $75k than someone making $10 million.

I am one cynical guy, but even I won't have come up with that one on my own... and as the Times article points out, this is off of tax returns which means that all sorts of dough has been sheltered within those higher brackets and thus their rates are probably overestimated.

How the Republican Party and anyone who even thinks about supporting them could not be absolutely ashamed at this is beyond me...