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Wednesday, April 05, 2006

Study: Bush tax cuts making rich richer

NEW YORK (CNNMoney.com) - President Bush's tax cuts for investment income have significantly lowered the tax burden on the richest Americans, reducing taxes on incomes of more than $10 million by an average of about $500,000, according to a report Wednesday.

An analysis of Internal Revenue Service data by The New York Times found that the benefit of the lower taxes on investments was more concentrated on the very wealthiest Americans than the benefits of President Bush's two previous tax cuts.
Link

6 Comments:

Blogger Ivan said...

Are you in Pubantz's American Foreign Policy from 9:00 to 9:50? If not, then there is someone in my class by the name of Lucas Mcintyre.

Coincidence? I think not.

4/06/2006 02:31:00 AM  
Blogger Luke McIntyre said...

If by "in" the class you mean physically present, then no. I am enrolled in that class though. I take it he handed back tests today?

4/06/2006 02:53:00 AM  
Blogger Ivan said...

He handed the tests back on Monday, not yesterday. Are you still up at 3 in the morning like me?

4/06/2006 02:59:00 AM  
Blogger Luke McIntyre said...

Naturally. Sad, damn sad. What's worse is that we're chatting over a blog.

4/06/2006 03:04:00 AM  
Blogger Ivan said...

That it is. Do you have a Instant Messenger service? Msn? AIM?

4/06/2006 03:07:00 AM  
Blogger Luke McIntyre said...

I do believe that's what these jazzy new Blogger profiles are for. AIM - Jeholsavat

4/06/2006 03:11:00 AM  

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