Bush Pays Approximately 24% of Income in Federal Taxes

If you click on the link in this entry's title you will read a news article about George and Laura Bush's Federal Income Tax returns. According to the article George and Laura paid over $186,000 in Federal Income Taxes (note that the article doesn't report how much over) on income of $765,801.00. Taking the figure of $186,000 and dividing it by $765,801, you get a percentage of 24.28% of total income paid in Federal Taxes. Now, do you know why George wanted those tax cuts in 2001?