(click on graphic to enlarge)
In a shocking twist sure to surprise all, the Bush tax cuts greatly favored the wealthy. Bet you didn't see that one coming.
Some fun facts gleaned from the handy graphic above:
--The average household tax cuts for the top 1% were only a scant 597 times as much as those for the lowest quintile.
--But in percentages, the top 1% only got 18 times bigger a percentage reduction in their taxes than did the poorest quintile, so maybe it's more fair to look at it that way
--The top quintile had more savings in terms of both real dollars and percentage reduction than did the lower four quintiles combined!
And yet some people have the gall to say that major politicians are beholden to the wealthy and do not even consider the interests of actual working people! I think this graph handily disproves such crazed radical rantings...
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