I recently posted on the ‘Bush Tax Cuts’, however, as Dr. Mark Perry points out, another way of looking at the Bush tax law is the ‘Bush tax hike’! Compared to the top marginal rate under Bush I and Reagan, the Bush II tax ‘cuts’ had a higher marginal tax rate on the highest bracket. In fact, as one of Dr. Perry’s commentators points out, the 2011 retirement of the Bush tax law could be considered another ‘Bush Tax Hike’ – as President Bush was the one who put an expiration date on the law.
For your reference, here’s a graph (from Wikipedia) of the top marginal tax rate since 1913:

- Top Marginal Tax Rate by Year (Wikipedia)

So… how about revenues over time? I’ll have to write up a full post on it, but here’s the data, from the great Tax Policy Center. Fun!

