-Caveat Lector- They love to say that this tax benefits everyone because over 50% of the people own stocks. More innumeracy.
65% of the benefit goes to 5% of the population, with some 40+% going to the top 1% of the population. Of the 50% MOST average people are involved via pension plans 401ks etc, where there is NO benefit from this reduction. on 01/12/03 12:35 PM, goldi316 at [EMAIL PROTECTED] wrote: > -Caveat Lector- > > Now here's a surprise... NOT! > > Bush, Cheney would get tax-cut windfall > Reuters, 01.07.03, 6:13 PM ET > > > WASHINGTON, Jan 7 (Reuters) - U.S. President George W. Bush and Vice > President Dick Cheney each stand to reap thousands of dollars in savings > from Bush's proposal on Tuesday to eliminate taxes on stock dividends. > > Based on income reported in his tax returns for 2001, Bush would have > saved $16,511 on dividend payments of $43,805 if his new proposal had > been in effect for the year. > > Cheney, who had dividends of $278,103 in 2001, would have saved > $104,823. > > The estimated savings were derived by using a tax-savings calculator on > the Internet site of the Heritage Foundation think-tank > (www.heritage.org). > > Bush on Tuesday proposed eliminating the tax on stock dividends as part > of a $674 billion proposal he says is aimed at boosting a lukewarm > economy. > > Democrats have attacked the plan, which is almost all tax cuts, as a > giveaway to the rich. > > The White House says 92 million Americans would gain an average tax cut > this year of $1,083 through Bush's proposals, which would also > accelerate previously scheduled income tax cuts and boost the child tax > credit. > > Cheney is to take a turn at pitching the plan in a speech to the U.S. > Chamber of Commerce on Friday. > > Bush deflected a question on Monday about how he would personally > benefit from the dividend-tax cut. "My money is in a blind trust ... so > I don't know if I've got any dividends," he told reporters. > > Bush and Cheney also benefited handsomely from the $1.35 trillion tax > cut passed by Congress in 2001. Cheney saved an estimated $43,000 on a > tax bill of $1.72 million that year, and Bush saved an estimated $7,205. > > Copyright 2003, Reuters News Service > > http://forbes.com/home/newswire/2003/01/07/rtr840184.html > > <A HREF="http://www.ctrl.org/";>www.ctrl.org</A> > DECLARATION & DISCLAIMER > ========== > CTRL is a discussion & informational exchange list. Proselytizing propagandic > screeds are unwelcomed. Substance?not soap-boxing?please! These are > sordid matters and 'conspiracy theory'?with its many half-truths, mis- > directions and outright frauds?is used politically by different groups with > major and minor effects spread throughout the spectrum of time and thought. > That being said, CTRLgives no endorsement to the validity of posts, and > always suggests to readers; be wary of what you read. CTRL gives no > credence to Holocaust denial and nazi's need not apply. > > Let us please be civil and as always, Caveat Lector. > ======================================================================== > Archives Available at: > http://peach.ease.lsoft.com/archives/ctrl.html > <A HREF="http://peach.ease.lsoft.com/archives/ctrl.html";>Archives of > [EMAIL PROTECTED]</A> > > http:[EMAIL PROTECTED]/ > <A HREF="http:[EMAIL PROTECTED]/";>ctrl</A> > ======================================================================== > To subscribe to Conspiracy Theory Research List[CTRL] send email: > SUBSCRIBE CTRL [to:] [EMAIL PROTECTED] > > To UNsubscribe to Conspiracy Theory Research List[CTRL] send email: > SIGNOFF CTRL [to:] [EMAIL PROTECTED] > > Om -- -- -- -- -- - -- - -- -- - - - ----- -- --- -- - - - ---- - -- - - - -- ---- -- - -- - Never wear your best trousers when you go out to fight for freedom and truth. Henrik Ibsen NEURONAUTIC INSTITUTE on-line: http://home.earthlink.net/~thew <A HREF="http://www.ctrl.org/";>www.ctrl.org</A> DECLARATION & DISCLAIMER ========== CTRL is a discussion & informational exchange list. Proselytizing propagandic screeds are unwelcomed. Substance—not soap-boxing—please! These are sordid matters and 'conspiracy theory'—with its many half-truths, mis- directions and outright frauds—is used politically by different groups with major and minor effects spread throughout the spectrum of time and thought. That being said, CTRLgives no endorsement to the validity of posts, and always suggests to readers; be wary of what you read. CTRL gives no credence to Holocaust denial and nazi's need not apply. Let us please be civil and as always, Caveat Lector. ======================================================================== Archives Available at: http://peach.ease.lsoft.com/archives/ctrl.html <A HREF="http://peach.ease.lsoft.com/archives/ctrl.html";>Archives of [EMAIL PROTECTED]</A> http:[EMAIL PROTECTED]/ <A HREF="http:[EMAIL PROTECTED]/";>ctrl</A> ======================================================================== To subscribe to Conspiracy Theory Research List[CTRL] send email: SUBSCRIBE CTRL [to:] [EMAIL PROTECTED] To UNsubscribe to Conspiracy Theory Research List[CTRL] send email: SIGNOFF CTRL [to:] [EMAIL PROTECTED] Om
