Oh, the Irony: Richest Virginians get biggest Obama tax cuts

By Joan Gralla – Tue Apr 13, 12:00 am ET
NEW YORK (Reuters) – Virginia's richest 1 percent of residents got on average $1,595 each from federal tax cuts in the 2009 stimulus law signed by President Barack Obama -- the biggest average benefit for affluent taxpayers in all U.S. states, said a study released on Tuesday.
Texans ranked second, with an average $1,534 tax break for the top 1 percent.
Unlike Virginia, Texas has no state income tax.

All U.S. taxpayers got an average benefit of $1,158 apiece from the tax cuts that were part of the Recovery Act, according to the study by Citizens for Tax Justice, a Washington think tank that says it promotes tax fairness.
For the rich and the upper middle class, the break typically was from tax relief from the alternative minimum tax, which helped about 25 million people.

Mostly low-income working families with children gained from the modified tax credit for each child and the earned- income tax credit, which gave an average of $872 each to about 12 million people.

The study found that the best places for the wealthy to live when federal tax burdens were assessed were: Maryland, with $1,368 each as the average tax break under the 2009 tax cuts, followed by New York, $527 each on average; California, $525 apiece on average; Massachusetts, $179 each on average, and New Jersey, $167 each on average.

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http://news.yahoo.com/s/nm/20100413/us_nm/us_states_taxes

Won't hold my breath waiting for a "thank you" from the rich southerners for their OBAMA tax break....

yea.

That has been adjusted most every year for awhile now.

Unfortunately Obama adjusted it last year. I wish he hadn't done that as it only affects the wealthy.

Obama should really not adjust it this year and finally let the rich start to pony up their fair share.

or they'll all leave our state because our state is too tough on them. LOL. It's amazing Californians buy that * election after election.

In Virginia, Obama took 47% of the vote from persons making over $200,000 a year, and remember he won in Fairfax and Henrico counties too.

http://www.cnn.com/ELECTION/2008/results/polls/#val=VAP00p2