If you earned less than $100,000 your Bush tax cut was $158.61. McCain wants to make this Permanent.
This SCREWS almost 90% of working Americans. I posted this in 2006, and I am posting it AGAIN by VirtualTruth Thu Nov 02, 2006 at 10:52:22 AM EDT http://www.dailykos.com/story/2006/11/2/105222/901/213/265226 http://groups.google.com/group/OpenDebateForum/web/if-you-earned-less-than-100-000-your-tax-cut-was-158-61?hl=en If you earned less than $100,000 your share of the tax cut was $158.61 on Average. If you earned more than $100,000, your share of the tax cut was $4,754.57 on Average. So if you earn over $100,000 a year, you should vote republican. If you are earning less than $100,000 a year and vote Republican, you should ask yourself WHY? For $158.61? The increase in gas wiped that out in a week. If you do not believe me, do the math yourself. Here are my calculations... I am going to break this down for everyone based on the ADMINISTRATIONS numbers.... In 2003 the Administration said there were 92 million tax payers who on 'average' would receive $1083 each. This does not mean each of the 92 million GOT $1083, it just meant that if you took the entire tax cut and divided it by the number of tax payers it comes to $1083. The reality is this. The total tax cut in 2003 was $99,636,000,000. $87,978,588,000 goes to people making over $100,000 a year. If you make over $100,000 a year, the 'average' tax cut you received was $4,754.57 18,504,000 received this on average. The rest of America, the lower middle class and the working poor received what was left. That is $11,657,412,000 to be divided between the remaining 73,496,000 Tax payers. So if you made less than $100,000 you received on Average a tax cut of $158.61. So you tell me, who HONESTLY benefited from the Bush Tax cuts? http://www.whitehouse.gov/news/releases/2003/04/20030415-4.html According to theTax Policy Institute: 45.8% of the benefits from a reduction in capital gains and dividends went to people with incomes over $1 million. There were 284,000 taxpayers in this income group. This is .19% of all taxpayers. An additional 10.8% of the benefits went to people with incomes between $500,000 and $1 million. There were 593,000 taxpayers in this income group. This is .40% of all taxpayers. 17.4% of the benefits went to people with incomes between $200,000 and $500,000. There were 3,588,000 taxpayers in this income group. This is 2.46% of all taxpayers. 14.3% of the benefits went to people with incomes of $100,000 to $200,000. There were 14,039,000 taxpayers in this income group. This is 9.66% of all taxpayers. In other words -- 88.3% of the total benefits from Bush tax cuts went to people with incomes over $100,000. In addition, the total number of taxpayers who got a vast majority of the benefits represent only 12.71% of all taxpayers. http://www.taxpolicycenter.org/ --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
