Adam Ash

Your daily entertainment scout. Whatever is happening out there, you'll find the best writing about it in here.

Monday, June 27, 2005

Doesn't this make your blood boil?

1. On average, the 2003 tax cut has already given $93,500 to every millionaire. It is estimated that 52% of the benefits of George W. Bush's 2001–03 tax cuts have enriched the wealthiest 1% of Americans (those with an average annual income of $1,491,000).
2. On average, the 2003 tax cut gave $217 to every middle-income person. By 2010, it is estimated that just 1% of the benefits of the tax cut will go to the bottom 20% of Americans (those with an average annual income of $12,200).
3. During at least one year since 2000, 82 of the largest American corporations -- including General Motors, El Paso Energy, and, before the scandal broke, Enron -- paid no income tax.

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