Just in case you were snowed by the public relations blitz about all the great riches about to be showered on the “middle class” and
“working Americans”, well, it’s actually the same old story again.
Citizens for Tax Justice has got its eye on the numbers, as usual, and finds this:
The fiscal cliff deal gives the richest one percent of Americans an average $34,190 in estate and income tax cuts in 2013 alone, which is equal to 2.3 percent of their income, on average. The middle fifth of Americans would receive an average $880 in tax cuts in 2013, which is equal to 2.0 percent of their income, on average.
In 2013, the richest one percent of Americans will receive 18 percent of the tax cuts while the middle fifth of Americans will receive just 9 percent of the tax cuts.
Same old story, different day