CCCs
Joined: 07 Jul 2003
Posts: 765
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Posted: Thu Aug 19, 2004 8:19 pm Post subject: Bush Tax Cuts tilted toward wealthy....think again
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Actual effect of tax cut
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| A recent report from the Treasury Department confirms that the rich are paying a bigger share of taxes than they would if the Bush tax cuts hadn’t passed. The Treasury estimates that the top 1 percent of earners will pay about 32.3 percent of taxes this year, which is the same as the CBO estimate. The Treasury also estimates, however, that absent the tax cuts, the top 1 percent would be paying only 30.5 percent of taxes, down 10 percent from 2001. |
As with all statistics, you can make them say whatever you want them to say. But here is the truth behind the headlines and the statistics.
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