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?

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We've never been very good at being conservative.

And usually, that serves us well in doing the ambitious, hard-hitting journalism that you turn to Mother Jones for. But it also means we can't afford to come up short when it comes to scratching together the funds it takes to keep our team firing on all cylinders, and the truth is, we finished our budgeting cycle on June 30 about $100,000 short of our online goal.

This is no time to come up short. It's time to fight like hell, as our namesake would tell us to do, for a democracy where minority rule cannot impose an extreme agenda, where facts matter, and where accountability has a chance at the polls and in the press. If you value our reporting and you can right now, please help us dig out of the $100,000 hole we're starting our new budgeting cycle in with an always-needed and always-appreciated donation today.

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