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Politics : Impeach George W. Bush -- Ignore unavailable to you. Want to Upgrade?

To: longnshort who wrote (56592)	3/26/2006 1:33:05 PM
From: Karen Lawrence	Read Replies (1) \| Respond to of 93284

Do you even have a point, you whiny, crybaby republipuke? NO.

To: longnshort who wrote (56592)	3/26/2006 1:50:27 PM
From: Karen Lawrence	Read Replies (1) \| Respond to of 93284

# By 2010, when (and if) the Bush tax reductions are fully in place, an astonishing 52 percent of the total tax cuts will go to the richest one percent—whose average 2010 income will be $1.5 million. Their tax-cut windfall in that year alone will average $85,000 each. Put another way, of the estimated $234 billion in tax cuts scheduled for the year 2010, $121 billion will go just 1.4 million taxpayers. # Although the rich have already received a hefty down payment on their Bush tax cuts—averaging just under $12,000 each this year—80 percent of their windfall is scheduled to come from tax changes that won’t take effect until after this year, mostly from items that phase in after 2005. # In contrast, the vast majority of taxpayers have already received most of their tax cuts from the 2001 legislation. * For the four out of five families and individuals making less than $73,000 this year, three-quarters of the tax cuts—averaging about $350 this year—are already in place. * Tax cuts for the 19 percent of taxpayers making between $73,000 and $356,000 this year will grow a little over the next four years as the cuts in the upper tax rates continue to kick in, but then will dwindle thereafter. By 2010, the tax cuts for this group will be no bigger as a share of income than they are now. # As a result, freezing the Bush tax cuts at their 2002 levels would have little or no effect on 99 percent of the taxpayers, whose tax cuts are already mostly or completely “frozen.” Only the best-off one percent of the taxpayers will receive significant additional tax cuts if the rest of the Bush tax program continues to be implemented. ctj.org