What Taxpayers Gain
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What Taxpayers Gain
The Bush tax cuts of 2001 and 2003, which are due to expire in 2010, aimed to lower federal tax bills for every U.S. family. Here's a breakdown of tax savings by income for 2008.
| Annual income | Average tax savings |
| Less than $10,000 | $4 |
| $10,000-$19,999 | $167 |
| $20,000-$29,999 | $553 |
| $30,000-$39,999 | $759 |
| $40,000-$49,999 | $873 |
| $50,000-$74,999 | $1,203 |
| $75,000-$99,999 | $1,687 |
| $100,000-$199,999 | $2,492 |
| $200,000-$499,999 | $4,532 |
| $500,000-$1 million | $22,630 |
| More than $1 million | $130,423 |
SOURCE: Tax Policy Center
