Reaganomics refuted again

Despite all of their economy-stimulating hype, the Bush tax cuts have been a flop. The federal government gets less tax money per capita now than in 2000.

Individual income taxes came to just $2,900 per capita in 2010, down 36 percent from more than $4,500 in 2000. Total income taxes and income taxes per capita declined even though the economy grew 16 percent overall and 6 percent per capita from 2000 through 2010.

Or, to put it in graphic detail:

But, the trickle-down idea of Reaganomics isn't new. It goes back at least as far as Pierre du Pont and his opposition to the then-new Federal income tax in the 1920s.