Tuesday, April 13, 2004

Know Bush Fact #20

Based on the belief that the truth shall set you free:

In 2003, promoting his tax cuts, Bush said, "These tax reductions will bring real and immediate benefits to middle income Americans. Ninety-two million Americans will keep an average of $1,083 more of their own money."

However, according to such organizations as The Center on Budget and Policy Priorities, The Urban Brookings Institute Tax Policy Center, Citizens for Tax Justice, and many other analysts, these numbers were concocted via mathematical calculations that reveal the unreliability of the word "average".

For example, you take a group of ten people: 9 are unemployed and 1 makes $1,000,000; mathematically you can calculate the average income to be $100,000. It is a number that has nothing to do with truth. This is the same mathematical method that ends with the great-sounding numbers Bush uses to sell his tax cuts.

In actuality that $1083 "average" sits above 80 percent of those filing taxes. The top 20% would make that much and lots more. 80% would receive less than $1083. 50% would get less than $100.

To verify/research, Google "Bush +$1083."

- April 13, 2004

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