Fitzsimon File

Monday numbers

896—amount in dollars of tax cuts that households with incomes between $30,000 and $40,000 will receive if Bush middle-income tax cuts are extended and high-income tax cuts are allowed to expire (Center on Budget and Policy Priorities, High-Income People Would Benefit Significantly From Extension of "Middle-Class" Tax Cuts. August 13, 2010)

1,132—amount in dollars of tax cuts that households with incomes between $50,000 and $75,000 will receive if Bush middle-income tax cuts are extended and high-income tax cuts are allowed to expire (Ibid)

6,300—amount in dollars of tax cut that households with incomes above $200,000 will receive in 2011 if Bush middle-income tax cuts are extended and high-income tax cuts are allowed to expire (Ibid)

6,701—amount in dollars of tax cut that households with incomes between $500,000 and $1 million will receive in 2011 if Bush middle-income tax cuts are extended and high-income tax cuts are allowed to expire (Ibid)

6,349—amount in dollars of tax cut that households with incomes above $1 million will receive in 2011 if Bush middle-income tax cuts are extended and high-income tax cuts are allowed to expire (Ibid)

17,467—amount in dollars of tax cut that households with incomes between $500,000 and $1 million will receive in 2011 if the Bush middle-income and high-income tax cuts are extended (Ibid)

104,000—amount in dollars of tax cut that households with incomes above $1 million will receive in 2011 if the Bush middle-income and high-income tax cuts are extended (Ibid)

16.6—-percent paid in federal income tax by the top 400 wage earners in 2007, who made an average of more than $340 million dollars each that year (Treasury Secretary Timothy Geithner, Huffington Post, August 4, 2010)

30—percent paid in federal income tax the top 400 wage earners in 1995 by (Center on Budget and Policy Priorities, Washington Post, July 31, 2010)

18 billion—amount in dollars of total tax cuts received per year by the top 400 wage earners as a result of the decline in percentage of income paid in federal taxes between 1995 and 2007. (Center on Budget and Policy Priorities, Tax Rate for Richest 400 Taxpayers Plummeted in Recent Decades, Even as Their Pre-Tax Incomes Skyrocketed. February 23, 2010)

46 million—amount in dollars of tax cut received per filer by the top 400 wage earners in 2007 as a result of the decline in percentage of income paid in federal taxes between 1995 and 2007 (Ibid)

1 trillion—amount in dollars that extending the Bush tax cut for households with incomes above $250,000 would add to the deficits and debt in the next 10 years (Center for Budget and Policy Priorities, Extension of High-Income Tax Cuts Would Benefit Few Small Businesses; Jobs Tax Credit Would Be Better August 3, 2010)