2007-03-01 08:57:17 · 9 answers · asked by Gemini Girl 4 in Politics & Government ➔ Politics
The top 1% of income earners paid about 36.7% of federal income taxes and 25.3% of all federal taxes in 2004. The top 20% of income earners paid 67.1% of all federal taxes. By contrast, families in the bottom 40% of income earners, incomes below $36,300, typically paid no federal income tax and received money back from the government.
families in the middle fifth of annual earnings who had average incomes of $56,200 in 2004, saw their average effective tax rate edge down to 2.9% in 2004.
2007-03-01 09:13:55 · answer #1 · answered by CaptainObvious 7 · 2⤊ 0⤋
Wow - I wish that was true! I sure as hell wouldn't be stuck in -40 weather......I'd be in my beach house in the Bahamas!
No, the Bush tax cuts did not only help the richest 1%. Where did you come up with this? My husband and I have benefitted greatly from the tax cuts and I can assure you that we are FAR from rich.
2007-03-01 17:06:55 · answer #2 · answered by Jadis 6 · 3⤊ 0⤋
If you're asking for my opinion, I don't have one.
I think we should have zero income taxes and smaller government. Probably not the answer you expected, I'm sure.
I also agree with lebowski, any tax cut is good, period. I'd like to think I'm better at deciding where to spend what I earn than the government is.
Somehow, our country managed to survive before income taxes.
2007-03-01 17:04:50 · answer #3 · answered by MoltarRocks 7 · 3⤊ 0⤋
Im not moltar but its quite obvious taht if you cut the former 15% income tax category to 12%, and we know that that income segment is lower middle class income, then it helps just about everyone.
2007-03-01 17:13:17 · answer #4 · answered by sociald 7 · 1⤊ 0⤋
No tax cuts help everybody
Tax cuts= good
Out of control government spending = bad
2007-03-01 17:01:37 · answer #5 · answered by mrlebowski99 6 · 5⤊ 0⤋
Of course not everyone that pays federal income tax got a tax break therefore all working Americans were helped by the enlightened tax policies of Bush
2007-03-01 17:01:28 · answer #6 · answered by espreses@sbcglobal.net 6 · 2⤊ 3⤋
Yes! I'll put it to you like this. I'm Middle Class and it sure didn't help me.
2007-03-01 20:32:27 · answer #7 · answered by Lettie D 7 · 0⤊ 0⤋
i hope they have a rewind button for fox news or hes toast!
2007-03-01 17:01:59 · answer #8 · answered by ? 7 · 1⤊ 3⤋
no, it is not true.
2007-03-01 17:02:34 · answer #9 · answered by patriot07 5 · 3⤊ 1⤋