What's another $2.6 billion?
January not only rings in a new year, it brings new tax cuts for the wealthiest Americans. The two tax cuts this year will cost $2.6 billion to implement. But hey, when you've already stacked up $317 billion for a deficit, what's another $2.6 billion right?
Citizens for Tax Justice, a tax fairness watchdog group in Washington D.C., breaks out some stats on just who gets these two new tax cuts:
- In 2006, 97 percent of the tax cuts would go to the wealthiest 1 percent of Americans. The share going to the top 1 percent would rise slightly thereafter.And just how wealthy are we talking about? The average salary of the those in the top 1% income group make an average of $1.2 million.
- More than 99 percent of Americans would receive nothing at all from these new tax cuts in 2006.
0 Comments:
Post a Comment
<< Home