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Published: January 19, 2009
2010
Year that tax cuts for high earners enacted by President Bush expire
$250,000
Lowest income level to be eligible for Bush's tax cut
1.9
Percent of U.S. households that earned $250,000 or more in 2007
20
Percent of U.S. households that made more than $100,000 in 2007
$50,223
Median household income in 2007, latest figures available
$46,142
Average median household income in Florida from 2005 to 2007
$1.35 trillion
Cost of the 10-year tax cuts Bush enacted in 2001, which also included an increase in the child tax credit to $1,000, a reduction of estate taxes and an expansion of tax-favored retirement savings plans
Sources: The Associated Press, The Cato Institute, U.S. Census Bureau
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