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Poor and Stupid

How big government, big business, big media and big academia block your road to financial freedom- and tell you it's for your own good.

FACTS ARE STUBBORN THINGS

Posted on 10/18/2006 06:32 AM | Link | Post Comment

Our friend Dan Clifton at the American Shareholder Association sends along this "Harpers Index:"-style look at the "Bush tax cuts by the numbers." What more should any citizen or legislator need to know?

$14,374,330,000,000 Total Increase in Household Wealth Since April 2003
$5,700,000,000,000 Total Increase in Shareholder Wealth Since May 20, 2003
$863,654,000,000 Total Amount of Tax Cuts Enacted Since Fiscal Year 2003
$783,890,000,000 Total Amount of Additional Tax Cuts to be Returned to Taxpayers Through 2010
$625,000,000,000 Total Increase in Federal Tax Revenues Since FY 2003
$207,788,000,000 Reduction in the Deficit in the Past 29 Months Due to Stronger Economic Growth
$98,600,000,000 Combined Income Gains for Shareholders From Dividend Increases & Tax Savings 03-05
$62,000,000,000 Surplus of Capital Gains Tax Revenue Not Accounted For By Revenue Estimators
$60,000,000,000 Deficit REDUCTION Since the Tax Cut Was Signed Into Law
300,001,643 Total Number of Americans benefiting from President Bush’s Tax Cut
91,000,000 Number of Individuals Owning Shares of Stock in America
23,000,000 Number of Small Businesses Benefiting from Income Tax Reductions
6,600,000 Number of Jobs Created Since the Tax Cut Was Signed Into Law
12,000 The Magic Number of the Dow Jones Industrial Index is an Arms Length Away
$2,092 Tax Increase for a Family of Four With $50k of Income if Tax Cuts Are Repealed
200 Number of House Members Who Voted Against This Growth Generating Tax Cut
50 Number of US Senators Who Voted Against This Growth Generating Tax Cut
25 Number of Years Dividend Paying Companies Declined Prior to the 2003 Tax Cut
164.0% % Increase in the Dividend Tax Rate if the Income and Dividend Tax Cuts Expire
123.0% % Increase in Dividend Income and Share Repurchases Since 2003 Tax Cut
91.0% % Increase of Stock Ownership in the Bottom Quintile of Income Distribution Since 1995
74.0% % Increase in S&P 500 Companies Boosting Their Dividend Since 2002
65.0% % of Voters Who Were Investors in the 2004 Elections
51.2% % of Total Tax Cut “Cost” That Has Been Recouped From Higher Levels of Growth
14.0% % Margin of Victory for Republicans From Investor Voters in 2002 Elections
4.6% Unemployment Rate Which Continues To Disprove the Constant Economic Pessimism
3.7% % Average Quarterly GDP Growth Since Tax Cut Was Enacted (long run average is 3.3%)

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