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Jeb Bush's Tax Plan Is a Large Tax Cut for the Wealthiest

Tuesday, September 22, 2015 19:26
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A multi-partisan activist group established to expose and resist US imperialism, corpora-terrorism, and the New World Order

Jeb Bush's Tax Plan Is a Large Tax Cut for the Wealthiest | 09 Sept 2015 | Jeb Bush's plan stays very much on script for Republican tax plans: It cuts taxes for almost everyone who pays income tax, with by far the largest tax cuts at the top. According to an analysis by The New York Times, Mr. Bush's tax plan would reduce the effective income tax rate on filers making $10 million or more per year to approximately 21 percent, down from 26 percent in 2013, the most recent year for which data are available. The average taxpayer in this group earned $29.2 million in 2013, meaning the plan proposed by Mr. Bush would have saved them an average of $1.5 million that year.


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