In a recent letter, the writer claimed that President Bush's tax cuts benefit the rich. The figures given were that the richest one percent own 38 percent of the wealth and the richest 20 percent own 80 percent of the wealth. The writer complains that 33 percent of the tax cuts go to the wealthiest one percent, and 75 percent to the wealthiest 20 percent.
If tax relief were given equitably, one would expect that those with 38 percent of the wealth would receive 38 percent of the tax relief, and those with 80 percent would receive 80 percent of the tax relief. Since the wealthy are only receiving 33 percent and 75 percent respectively, that means that a disproportionate share of tax relief is going to the non-rich!
If you want to get a truer picture of who is getting tax relief under President Bush, you would look at tax rates for the lower income brackets. There you would find that the lowest tax rate under President Clinton's administration was 15 percent, but under Bush it has been lowered to 10 percent. That's a whopping 33 percent decrease! The tax rate for the highest income Americans has been lowered by less that 5 percent.