According to Tax.com, the Bush Tax Cuts may have cost the average American citizen $21,000 between 2000 to 2008. Of course when you use the "average" it takes into consideration the ultra rich along with the poorest of citizens all together. Using the median data may have yeilded a bit more accurate analysis, but without the data they used it would be impossible to draw a conclusion on my own.
The cost of the tax cuts is attributed to the loss of income, as from 2000 to 2008 incomes actually fell. Prosperity through the Bush Tax Cuts were promised, yet not delivered.
Still yet, a lot happened from 2000 to 2008. The 9/11 attacks and the collapse of the housing industry and financial markets really wreaked havoc on a lot of Americans' income. You can read the full analysis at Tax.com here.
Should the Bush Tax Cuts be extended? Or is our economy to the point where we need to actually pay higher taxes in order to ensure we meet our obligations? It's a hard question to answer. What are your views?