I thought the Bush tax cuts only benefitte dthe rich?

[detbuch]

Originally Posted by likwid

In terms of monetary savings, who benefited the most?

I'm too lazy to provide a link to prove it so I may be wrong, but I thought I heard from some administration official, or other, that letting the tax break for rich people expire wouldn't hurt them, they have enough money, and the amount of extra tax they would have to pay would not affect them. So, I guess the tax break doesn't really benefit them. Even though the "monetary" amount saved is higher for rich folks than the "monetary" amount saved by those in lower tax brackets, the poorer folks "benefit" more.