comparison of tax cut plans

When looking at this, you need to remember that 1.5% of households in the United States earn above $260,000 a year. It also becomes abundantly clear why the Democratic plan could never have gotten past the Senate. Given that the annual salary of each senator, as of 2009, is $174,000, I’m willing to bet that a solid majority of them are above if not well above that threshhold.

It would be interesting to see what this looks like if all the tax cuts are simply allowed to expire. (The political fallout from such a scenario means that this is as unlikely to happen as the Democratic plan passing, but I’d like to see it for purposes of comparison as well.)

From Why liberals don’t like the tax cut deal — in graphs by Ezra Klein.

Also: Clarity has an excellent related graphic.

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