OK

Frist suggested that Republicans remind voters of subjects like tax cuts and lower gas prices, the result, he said, of the energy bill passed by Congress last year.

"These re all things the media has not covered," Frist said. "People don't say, 'This Congress passed tax cuts.' But that means something to every American."

Wow Bill - the tax cuts means something to EVERY American?  Frist isn't even close on that one.  

According to theTax Policy Institute:

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.

An additional 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.

In other words, Bill

88.3% of the total benefits from Bush tax cuts went to people with incomes over $100,000.  In addition, the total number of taxpayers who got a vast majority of the benefits represent only 12.71% of all taxpayers.

So, Bill, not every American benefited.  In fact - most didn't.

Originally posted to bonddad on Thu Oct 26, 2006 at 04:38 AM PDT.

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