“Roughly 47% of households will not owe any federal income tax..Why?

[InformedConsent]

Originally Posted by Smash255

The reason that occurred was the incomes for the rich were increasing far more than the incomes in the middle class. Fact of the matter is 60% of the cut went to the top 1%.

Nope. Look at the figures again...
The Bush tax cuts gave middle quintile (middle 20%) earners a 40% tax cut, while giving the top 1% earners only a 21.2% tax cut. The middle class benefits nearly twice as much.

Data:
The effective tax rate of the top 1% for years 2000-2006 were as follows:

24.2%
24.1%
23.7%
20.4%
19.7%
19.3%
19.0%

The effective tax rate of the middle quintile (middle 20%) for years 2000-2006 were as follows:

5.0%
3.9%
3.6%
2.8%
3.0%
3.0%
3.0%

Source:
http://www.cbo.gov/publications/collections/tax/2009/effective_rates.pdf

And you still haven't explained how much the rich's income 'soared' after the 2003 tax cuts.

[Smash255]

Originally Posted by InformedConsent

Nope. Look at the figures again...
The Bush tax cuts gave middle quintile (middle 20%) earners a 40% tax cut, while giving the top 1% earners only a 21.2% tax cut. The middle class benefits nearly twice as much.

Data:
The effective tax rate of the top 1% for years 2000-2006 were as follows:

24.2%
24.1%
23.7%
20.4%
19.7%
19.3%
19.0%

The effective tax rate of the middle quintile (middle 20%) for years 2000-2006 were as follows:

5.0%
3.9%
3.6%
2.8%
3.0%
3.0%
3.0%

Source:
http://www.cbo.gov/publications/collections/tax/2009/effective_rates.pdf

And you still haven't explained how much the rich's income 'soared' after the 2003 tax cuts.

The middle class did not receive twice the benefit as the rich did. 60% of the tax cuts went to the top 1%.

The effective tax rate schedule you have there does not take into consideration the incomes at the top were increasing by far more than those in the middle.