Tax plan would benefit investors, few others
Tax plan would benefit investors, few othersPresident George W. Bush's proposed tax plan unfairly contains a provision that would keep investor taxes at a top rate of 15% on dividends and profits, while assigning a 35% rate to people earning wages and salary, this New York Times editorial says. The plan most benefits those in the upper-earnings echelon, and investor tax breaks would be subsidized by government borrowing, both of which are bad policy, according to the editorial.
posted by Victor Lloyd Smith @ 1:28 PM
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