ABC News looks at the Bush tax plan:
What the president said: “92 million Americans will keep an average of $1,083 more of their own money when this tax plan goes through…”
What we found:
If you look at the average for all taxpayers, this is correct.
However, this average is derived from all income levels and all estimated savings. This skews the number upward.
According to the Urban Institute-Brookings Institute, 80 percent of all tax filers would receive less than the $1,083 average the president mentioned.
Meanwhile, half of all tax filers would get less than $100.
More.