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The Reality of Tax Cuts

July 27, 2010
Before Bush Tax Cuts
After Bush Tax Cuts
Share of Tax Liability
Tax Reduction for 2004
Share of Tax Liability
Share of Tax Cuts
Bottom 20%, $0 to $14,415
0.50%
$1,976,256,511
0.30%
1.20%
Second 20%, $14,415 to $25,499
2.30%
$7,177,358,834
1.90%
4.20%
Third 20%, $25,500 to $41,640
5.90%
$15,905,120,495
5.20%
9.40%
Fourth 20%, $41,641 to $68,295
12.60%
$29,559,373,144
11.60%
17.50%
Top 20%, $68,296 and above
78.70%
$114,633,332,724
81.00%
67.70%
Total Tax Liability for all taxpayers
100.00%
$169,251,441,709
100.00%
100.00%
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