Tax Relief for Whom?
In May, Congress passed $70 billion in tax cuts over the next five years. Guess who benefits?
If your annual income is...$10k - 20k you save $2
$20k - 30k you save $9
$30k - 40k you save $16
$40k - 50k you save $46
$50k - 75k you save $110
$75k - 100k you save $403
== Notice average savings increase == $100k - 200k they save $1,388
$200k - 500k they save $4,499
$500k - 1 Million they save $5,562
Over $1 Million they save $41,977
Source: Senate Finance Committee and Sojourners Magazine Thanks congress, I really appreciate you working so hard to save me a few dollars over the next five years. I will do my patriotic duty and immediately buy some $3 dollar per gallon gas!
Jun.26.2006.
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