The Bush Administration Tax Cuts

Did you know:

45.8% of the benefits from a reduction in capital gains and dividends went to people with incomes over $1 million. There were 284,000 taxpayers in this income group. This is .19% of all taxpayers.

10.8% of the benefits went to people with incomes between $500,000 and $1 million. There were 593,000 taxpayers in this income group. This is .40% of all taxpayers.

17.4% of the benefits went to people with incomes between $200,000 and $500,000. There were 3,588,000 taxpayers in this income group. This is 2.46% of all taxpayers.

14.3% of the benefits went to people with incomes of $100,000 to $200,000. There were 14,039,000 taxpayers in this income group. This is 9.66% of all taxpayers.

(data from the Tax Policy Center.)

88.3% of the total benefits from Bush tax cuts went to people with incomes over $100,000.

And from the website: Citizens for Tax Justice:

Chart credit

I’m curious – were you aware of the structure of the Bush Tax Cut Program, do you feel that the structure is fairly divided, and do you feel that this Tax Cut Program should be made permanent?