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middle-class tax cuts

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Contrary to Popular Belief, the Wealthy Benefit from Extension of Middle-Class Tax Cuts

There's this myth going around. It seems many people think the extension of Bush-era tax cuts on the first 250k in income per family exclude wealthy families. They do not. While policy makers are debating letting the Bush-era tax cuts exclusively targeting those with family incomes above 250k, these families would not be excluded from the Democratic proposal to extend these other tax cuts. Indeed, in dollar terms, the wealthy fair better under the so-called middle-class tax cuts, than the middle-class.

Via OpenLeft:

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