Investment Tax Cuts Favor the Rich, Duh
April 5th, 2006 | by Paul Merda |I guess it really didn’t take an analysis to know that cuts in Investment Taxes favor those who invest most, and yes, that would be the wealthiest Americans. People with incomes greater than $1 million (which represent 0.1% of all taxpayers) saw relief averaging about $41,400 each with the even richer folks at $10 million hitting about $500,000 in savings. A full 43% of the Investment cut went to those making greater than $1 million. Raw Story has more….
One Response to “Investment Tax Cuts Favor the Rich, Duh”
By steve on Apr 5, 2006 | Reply
Why even worry about this crap? It does not have any effect on your lifestyle, where you work or your family. Nothing!!