Public Assets Institute: Federal Tax Cuts Offer New Option

“The analysis of the effects of extending the Bush tax cuts was prepared for Public Assets Institute by the Institute on Taxation and Economic Policy in Washington, D.C. According to ITEP analysis, the top 1 percent of Vermont taxpayers will save a little more than $100 million, thanks to the tax-cut extension. The average personal income for taxpayers in this group is about $940,000 a year. The savings for the next 4 percent of taxpayers will be about $88 million.”

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