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Most get little help from latest Bush tax plan

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aeon flux Donating Member (333 posts) Send PM | Profile | Ignore Thu Jan-22-04 03:14 PM
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Most get little help from latest Bush tax plan
Boy, we're just rolling in the dough!

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(Citizens for Tax Justice)

Typical tax cut is about $120 in 2003-04, then drops to zero thereafter

Despite misleading presidential rhetoric, almost half of all American taxpayers will get less than $100 this year and next from President Bush’s just-passed tax plan. In 2005, three-quarters
of taxpayers will get less than $100, and in 2006 and later years almost nine out of ten will get less than $100.

A state-by-state analysis of the effects of the tax bill over the next four years by the Institute on Taxation and Economic Policy finds:

more (PDF file)
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