What happened to the Bush tax cuts for the rich?

So, if Obama refers to the rich as anyone earning over $250K, where did the Bush tax cuts go?

Mostly to the wealthy, right? What percentage went to those earning over $250K? 50%, 75$, 90%?

How much of the "tax cuts for the rich" went to the rich?

2011-07-18T16:21:35Z

I expected more answers that this, but the INCORRECTNESS from the left did not surprise me.

justagrandma...I am VERY GLAD that his estate was not taxed. He paid BILLIONS while he was alive!

Anyway, the wealthy...according to Obama's definition of those earning $250K or less got a whopping FIFTEEN PERCENT...(15%) of the tax cuts. The middle class and poor received EIGHTY FIVE PERCENT...(85%) of the tax cuts. Don't take my word for it, check the link:

http://www.thegatewaypundit.com/2011/07/another-obama-lie-exposed-85-of-bush-tax-cuts-went-to-middle-class-not-the-rich-video/

Don't like the gateway pundit... they got their numbers from CNN Money Matters:

http://money.cnn.com/2010/12/07/news/economy/tax_cut_deal_obama/index.htm

KNEEL BEFORE ZOD!!!2011-07-18T14:43:39Z

Favorite Answer

Those tax cuts were for EVERYONE and not just the rich.

42

justa2011-07-18T22:08:19Z

The tax cuts for the rich were aimed at the estate taxes, renamed death tax, and it involved taxes on estates over five million dollars, only five percent of estates reach that amount, but the loss to the national pocketbook was large.
Take the Steinbrenners, his estate came to a billion dollars, when he died his estate would have paid six hundred million dollars, a huge amount, but then so is a billion. Instead his heirs didn't pay a single penny.
Then we have twenty five hedge fund managers, recently it was revealed that that's the amount of the population that are eligible for one of those special tax breaks, just twenty five people, they would have had to pay into the treasury, 44 billion over ten years. The wealthy have more than 6.,400 times the income of the average American. If there were some tax breaks for those working stiffs, making fifty thousand a year, its possible to write them back in. That's what pencils are for.

24

LadyB2011-07-18T23:13:30Z

They're still in effect for the rich, thanks to the immorality of the Republican party.

33

Related Questions

After the Bush Tax Cuts, the Rich Pay More Taxes?Bush Tax Cuts - for the Rich!?What happened to all those jobs the rich "created" with Bush's tax cuts?If tax cuts for the rich creat jobs, what the hell happened with the “Bush Tax Cuts”?How many Right Wingers that oppose cutting the Bush tax cuts fall into the "rich" category?

Trending Questions

Are you going to get the covid vaccine?14 answersCould Biden force people and the military to take the vaccine against their will?10 answersSince it promotes the prioritization of career over family, is feminism a capitalist or Marxist movement?5 answersHere we go again, do you think Karen Potter lied about grabbing for her taser but pulling a gigantic glock 17 ?5 answersSo liberals ruined their own cities, ruined society with cancel culture, lgbt, and now they ruined yahoo ?7 answers