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Darren New wrote:
> http://www.house.gov/jec/news/news2006/pr109-94.pdf
Now, *this* is interesting.
"At least part of the increase in taxes paid by the higher percentiles
may be related to higher capital gains realizations following the
reduction of the capital gains tax rate in 2003."
In other words, *reducing* the capital gains tax (a move many criticized
Bush for, saying it was a "tax break for the rich"), resulted in them
paying *more* in taxes.
--
...Ben Chambers
www.pacificwebguy.com
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