Institute Index: Taxing Times

By Chris Kromm / April 18, 2006

Latest stats from our Facing South newsletter (you can sign up using the box to the right):

Percent of citizens making less than $25,000 a year audited by the IRS in 2005: 8.8%

Percent making more than $200,000 a year that were audited: 4.6%

Percent of millionaires audited: .02%

Value of tax refund claimed this year by Vice President Dick Cheney and his wife: $1.9 million

Percent of a $165 million contribution made by Texas billionaire T. Boone Pickens that he wrote off his taxes under a special tax provision to help Hurricane Katrina victims: 100%

Percent of his contribution that went to the golfing program at Oklahoma State University: 100%

Estimated amount that President Bush's tax cuts will increase the national debt over next 10 years: $900 billion

Percent of U.S. residents who believe we should keep the estate tax, which Congress will consider eliminating in May: 57%

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