Graph of the day: 82 percent of the Bush tax cuts are here to stay

The fiscal cliff deal cast the vast majority of the Bush tax cuts into stone: Only the wealthiest 0.7 percent of taxpayers are affected by the rise in individual tax rates and the estate tax. They pay significantly more in taxes than the rest of the population: On average, their taxes will rise by $50,987 under the new deal. But, overall, only 18 percent of the revenue lost from the Bush tax cuts will be recovered under the deal, according to the Center on Budget and Policy Priorities:

(Source: CBPP)

(Source: CBPP)

Also on Wonkblog

The December jobs report proves the fiscal cliff deal a farce