Bush tax cuts: help needed...

[Hell Hath No Fury]

I asked this question up in GD, but I decided this was one for the pros.

Does anyone know of a source of information that looks at ALL the recent Bush tax cuts (round 1 & 2, estate, capital gains, any others I'm not aware of) and just what percentage of the total cuts go to the wealthiest Americans?

I want to add the info to my site and I'm having trouble tracking it down -- many thanks!

Hell

[54anickel]

1. Not sure if this is what you're looking for, but UpInArms posted

this fascinating article in the Stock Market Thread today.

http://www.tikkun.org/magazine/index.cfm/action/tikkun/issue/tik0201/article/020113a.html

[trotsky]

2. You might find your data at the Citizens for Tax Justice site.

http://www.ctj.org/

They have a LOT of comprehensive analysis of the Bush* tax cut disaster.

[seasat]

3. The Center on Budget and Policy Priorities is a great source.

They testify before congress often since their forecasting ability is said to be second only to the CBO.

CBPP

They've got tons of studies that criticize the tax cuts. This one may be one you are looking for.

Are Tax Cuts Too Concentrated at the TOP?

[54anickel]

4. Check out the transcript from Feb conference on the EPI site

http://www.epinet.org/content.cfm/econ_stmt_2003


http://archive.epinet.org/real_media/030210/transcript.html

[Hell Hath No Fury]

5. Wow!

Thanks guys! I had just found the CTJ and CBPP sites, but had only cruised them. Will look more deeply for the info there.

:hi:

Hell

[Hell Hath No Fury]

6. A follow-up question for you...

what do you consider "rich"? Someone who makes $250,000 a year? A million? $150,000?

I'm trying to find what an average person would consider "rich" so I can tie in a concrete amount (i.e, persons making over $250,000 a year received 40% <or whatever> of the benefits of all the Bush tax cuts.)

Thanks!

[modrepub]

7. Be careful

If I lived in North Dakota, $100,000 would be rich. The same amount of money would be considered middle class in New York City or some other high-priced venue...

[trotsky]

8. My personal stance

If you're making $1 million a year, you are DEFINITELY rich. More than $250,000 and you're very comfortable.

But it does depend on where you live, very much so.

[mastein]

9. COL

I think there are a couple of good cost of living calculators out there also. Barrons and Investors business daily used to publish it every year. I don't remember which government agency put it together. It might be Office of Personnel Management or Dept. of commerce.

[unblock]

11. salary, hmm

depends on location (cost of living) and also life stage.

compare:

(a) $150,000 for a 55-yr old father/husband at the peak of his career in manhattan (big state AND city income taxes) putting 2 kids through college

(b) $150,000 for a 22-yr old single in rural texas (no state income taxes) fresh out of college.

the 55-yr old will certainly not feel remotely rich, especially if he doesn't have anything socked away for retirement. the 22-yr old on the other hand has more money than he knows what to do with.

[Hell Hath No Fury]

10. Thanks again, guys!

:hi: