December 7, 2010

Bush Tax Cuts at a Glance


Compare and contrast: How much $ taxpayers at different income levels would get from the Democratic plan, which was to simply extend the cuts for income under $250,000, and the Republican plan, which was to extend the cuts for everyone:














 The term "tax cuts for the middle class," was coined by some Democrat and it's mostly bullshit. The left side of the chart shows that the "tax cuts for the middle class" also cut taxes on the rich. A family earning $750,000 a year would pay lower taxes on the first $250,000 of their income. The question has never been whether only middle-class workers should get a tax cut. It's how much income the tax cut should cover.

No comments:

Post a Comment