If you earned more than $100,000, your share of the tax cut was $4,754.57 on Average.
So if you earn over $100,000 a year, you should vote republican.
If you are earning less than $100,000 a year and vote Republican, you should ask yourself WHY? For $158.61? The increase in gas wiped that out in a week.
If you do not believe me, do the math yourself. Here are my calculations...
I am going to break this down for everyone based on the ADMINISTRATIONS numbers....
The reality is this.
The total tax cut in 2003 was $99,636,000,000.
$87,978,588,000 goes to people making over $100,000 a year.
If you make over $100,000 a year, the 'average' tax cut you received was $4,754.57
18,504,000 received this on average.
The rest of America, the lower middle class and the working poor received what was left. That is $11,657,412,000 to be divided between the remaining 73,496,000 Tax payers.
So if you made less than $100,000 you received on Average a tax cut of $158.61.
So you tell me, who HONESTLY benefited from the Bush Tax cuts?
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 --
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.