Thursday, October 26, 2006

Fun With Tax Numbers

I was just looking at some tax cut numbers from the tax policy institute, and the impact of the Bush tax cut.

If you earned over $1,000,000.00 last year, (putting you in a group that includes less that 00.2% of the tax paying population, about 280,000 people total) 45.8% of the Bush tax refunds landed in your bracket. In clear language two tenths of a percent of the population is getting over fourtyfive percent of the tax cut.

If you earned between $500,000.00 and $999,999.00 (600,000 in your group, about 00.4% of the tax paying population), your group is getting about 10.8% of the refunded taxes.

For those of us earning between $200,000.00 and $499,999.00 (3.5 million people here, 02.5% of the tax paying population), this group scooped up about 17.4% of the refunds.

Those who are limping along earning between $100,000.00 and 199,999.00, ( almost 10% of the pax paying population 14,000,000 people) you group saw about 14.3% of the Bush tax refunds.

The rest of you, everyone earning less that $100,000, the other 87% of the population, you can share the remaining 12% of the Bush tax refund.

What a deal.


1 comment:

Lynne said...

Lou Dobbs pointed out that half of the people in this country make less than $30k per year. I didn't realize the percentage was that high.