How the 2001 and 2003 Bush tax cuts benefit the wealthy

The 2001 and 2003 Bush era tax cuts benefit the wealthy by:

The result?

“Tax rates for the highest-income households declined after 2000. The decline was especially rapid in 2003, when a reduction in the tax rate for the top bracket enacted in 2001 took effect and further changes in law reduced tax rates on dividends and realized capital gains,” according to a recent study released by the Congressional Budget Office.

 

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