Saturday, May 13, 2006

Class Warfare

The Washington Post has a nice article on the latest round of the Republicans' wash-rinse-repeat cycle of tax cuts.

The best part of the piece, and the one that's already getting some play in the media, is the chart where they break down the dollar value of the tax cut (right column) for each income range (left column). Check it out:
$10,000-$20,000: $2
$20,000-$30,000: $9
$30,000-$40,000: $16
$40,000-$50,000: $46
$50,000-$75,000: $100
$75,000-$100,000: $403
$100,000-$200,000: $1,388
$200,000-$500,000: $4,499
$500,000-$1 million: $5,562
More than $1 million: $41,977
Sadly, some of the more unhinged and shrill elements of The Left will doubtlessly use these "facts" and "figures" to argue that the Republican tax cut once again favors the rich over the poor. Anyone who says such a thing is clearly a victim of irrational Bush hatred and engaging in the destructive politics of class warfare.

Either that, or they have a basic grasp of math.


sideshow bob said...

Oh can use facts to prove anything that's even remotely true.

Mr Furious said...

That is a fantastic breakdown. It really shows the exponential skew to the top...

Ironically, the folks likely to be the most pissed are the six figure crowd, which is probably heavily Republican. Four grand on 400K? That's one percent! But a guy making twice the money gets ten times the break?

I like the idea of the country club grass being bloodied by this next round of class warfare...

Otto Man said...

You're exactly right, Furious. Those are arguments straight out of the Wall Street Journal "Lucky Ducky" editorials.