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If you are a family earning upwards of a million dollars per year, you have to love Mr. Bush because his tax cuts are helping you out big time!
This groups tax rate plunged more than any other group in 2004, the latest year available. Mid-income families tax rates went up a slight bit in 2004 but the folks at the top went down. Surprise, Surprise!
Published: January 8, 2007
Though tax cuts for the rich were bigger than those for other groups, the wealthiest families paid a bigger share of total taxes. That is because their incomes have climbed far more rapidly, and the gap between rich and poor has widened in the last several years. More Here
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The report does go on to state that even though the top earners got the best breaks, those at the bottom did not suffer to much because with the Earned income Credit, most got money back from the government instead of paying into it.
Still though, the biggest winners were the wealthy.
