SPTimes -- : Republican Party is very accommodating to rich tax avoiders

Citizens for Tax Justice:

Year-by-Year Analysis of the Bush Tax Cuts Shows Growing Tilt to the Very Rich

By 2010, when (and if) the Bush tax reductions are fully in place, an astonishing 52 percent of the total tax cuts will go to the richest one percent—whose average 2010 income will be $1.5 million. Their tax-cut windfall in that year alone will average $85,000 each. Put another way, of the estimated $234 billion in tax cuts scheduled for the year 2010, $121 billion will go to just 1.4 million taxpayers.

From 2001 through 2005, the best-off one percent will receive “only” 19.8 percent of the Bush tax cuts.

From 2006 through 2009, the share of the tax cuts going to the very rich jumps to 41 percent of the total.

Compared to the federal taxes that would have been paid in 2010 before the tax cuts, Bush’s program reduces taxes on the wealthiest by 15 percent. For the remaining 99 percent of us, the tax cuts average only 5 percent. More tellingly, by 2010, the very rich will see their taxes fall by 5.7 percent of their income. For the remaining 99 percent, the average tax cut is only 1.2 percent of income.