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<blockquote data-quote="TwistedVisions" data-source="post: 560965" data-attributes="member: 554844">Its true that the tax cuts favor the rich, here is a link to read up on his tax cuts <a href="http://www.ctj.org/html/gwb0602.htm" target="_blank">tax cut</a>Here is an excert i found most interesting from it.&quot;A new study released today by Citizens for Tax Justice and the Childrenâ€™s Defense Fund reveals for the first time who stands to benefit from the 2001-enacted Bush tax cuts in each year from 2001 through 2010. Among the key findings:Over the ten-year period, the richest Americansâ€”the best-off one percentâ€”are slated to receive tax cuts totaling almost half a trillion dollars. The $477 billion in tax breaks the Bush administration has targeted to this elite group will average $342,000 each over the decade.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 percentâ€”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 cutsâ€”averaging just under $12,000 each this yearâ€”80 percent of their windfall is scheduled to come from tax changes that wonâ€™t take effect until after this year, mostly from items that phase in after 2005.&quot;</blockquote>

[QUOTE="TwistedVisions, post: 560965, member: 554844"] Its true that the tax cuts favor the rich, here is a link to read up on his tax cuts [URL="http://www.ctj.org/html/gwb0602.htm"]tax cut[/URL] Here is an excert i found most interesting from it. "A new study released today by Citizens for Tax Justice and the Childrenâ€™s Defense Fund reveals for the first time who stands to benefit from the 2001-enacted Bush tax cuts in each year from 2001 through 2010. Among the key findings: Over the ten-year period, the richest Americansâ€”the best-off one percentâ€”are slated to receive tax cuts totaling almost half a trillion dollars. The $477 billion in tax breaks the Bush administration has targeted to this elite group will average $342,000 each over the decade. 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 percentâ€”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 cutsâ€”averaging just under $12,000 each this yearâ€”80 percent of their windfall is scheduled to come from tax changes that wonâ€™t take effect until after this year, mostly from items that phase in after 2005." [/QUOTE]

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