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Report: Wealthy are winners in tax change

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lovuian Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-14-06 01:15 AM
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Report: Wealthy are winners in tax change
http://feeds.bignewsnetwork.com/?sid=f4b3bfdede146fb8

Supporters insist changes in the U.S. tax system are needed to sustain economic growth, but the wealthy are undoubtedly big winners, a report says.

A Washington Post report on the proposed changes President George Bush plans to sign into law next week shows the individual winners to be those with large stock portfolios, affluent Americans with big individual retirement accounts, upper-middle income residents of high-tax states and musicians.

Stock investors are said to be the broadest group of beneficiaries of the bill, which extends a 15 percent rate on dividend income and long-term capital gains through 2010.
more...
I think this is one of the reasons the dollar dived bomb on Monday!!! Such Greedy bastards
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Erika Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-14-06 01:20 AM
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1. They've dived bombed the American workers ability to buy
But W could care less about the American worker. Let the rich ring the cash registers. His base is the haves and have mores, and he's been true to them.

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Bozita Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-14-06 01:49 AM
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2. and the dollar is falling ... pitchforks anyone?
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