How the 2001 and 2003 Bush tax cuts benefit the wealthy

WTF How bush tax cuts benefit wealthy hp 11.28.11

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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