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July 30, 2010
Colbert on the Expiration of the Bush Tax Cuts
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July 30, 2010 in Celebrity Tax Lore, Tax | Permalink
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Comments
The Bush tax cuts were only for the top 3% of earners?
Most of the audience probably thinks that is true.
I actually think that program is funny most of the time, but lying isn't so funny.
Posted by: forest | Jul 30, 2010 8:48:00 AM
forest: I am glad someone else found that to be as ridiculous as I did. Sadly, most of the viewers will simply assume that what he is saying is true.
Posted by: dtc | Jul 30, 2010 12:13:35 PM
The top 3% is an exaggeration, but the Bush tax cuts did benefit those at the top disproportionately. The rest of us just got crumbs, comparatively speaking.
http://www.nytimes.com/2007/01/08/washington/08tax.html
Several of my millionaire clients with 6 figure incomes paid exactly zero tax the past two years thanks to the zero % rate on dividends in 08, 09 & 10.
Posted by: Joe | Jul 30, 2010 2:46:39 PM
Obama promised to extend tax cuts for less affluent. That's not what has GOP energized.
I'm pretty sure its all or nothing, though with the GOP this year; Extend the Bush tax cuts for the well-to-do, or for nobody.
Posted by: jimharper | Jul 30, 2010 2:58:09 PM
Actually, as I recall it was those who placed in the top one-tenth of one percent in terms of income who really benefited from the Bush tax cuts.
Posted by: WD Kebschull | Jul 30, 2010 5:58:27 PM
