Reply #11: oops I duped ..

[drfemoe]

April 14, 2004
Tax Cuts Helped President but Far Less So the Cheneys
By DAVID CAY JOHNSTON

(P)resident Bush and his wife saved about $31,000 as a result of the tax cuts he championed, according to documents the White House released yesterday, but Vice President Dick Cheney and his wife lost nearly all of their Bush tax cuts to another levy that will soon take away part or all of the cuts from 35 million households.
...
The Bushes paid 27.7 percent of their adjusted gross income in federal income taxes. The Cheneys, whose income was much larger, paid 19 percent of their adjusted gross income, though when their income from tax-exempt bonds is considered, the Cheneys' effective tax rate was 12.7 percent.

That difference shows how the Bush tax cuts, as well as changes made during the Clinton years, can make those who earn more pay a smaller share of their income in taxes than those who earn less.

The Bushes reported an adjusted gross income of $822,126, on which they paid tax of $227,490. Without the tax cuts Mr. Bush sponsored, they would have paid $30,858 more and their effective tax rate would have been about 31.4 percent, two analyses showed.
... more ...
http://tinyurl.com/2rav3 << NYT article