Tax Cuts for the Wealthiest 5% of Americans Cost the U.S. Treasury $11.6 million every hour of every day
source: http://campaign.r20.constantcontact.com/render?llr=n6j6bzdab&v=001qNpDsySIaEIHOHTGLIEL3ptNy3...
In total, the top 5% of wage earners live in 1.4 million households. They earn $477,453 per year, on average, and will receive an average tax cut of $66,384 in 2011. Conversely, the bottom 20% of wage earners will receive an average tax cut of $107 this year. The wealthiest 5% of Americans earn 33% of all U.S. income.
Between 2001 and the current projected end of the tax cut extension, tax cuts for the wealthiest 5% will cost the U.S. Treasury $1.184 trillion. If extended through 2021 as some lawmakers propose, the total cost will exceed $3.2 trillion.
http://campaign.r20.constantcontact.com/render?llr=n6j6bzdab&v=001qNpDsySIaE...
Between 2001 and the current projected end of the tax cut extension, tax cuts for the wealthiest 5% will cost the U.S. Treasury $1.184 trillion. If extended through 2021 as some lawmakers propose, the total cost will exceed $3.2 trillion.
http://campaign.r20.constantcontact.com/render?llr=n6j6bzdab&v=001qNpDsySIaE...
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- tags:
- George W Bush, national debt, Income Taxes
