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To: Skeeter Bug who wrote (157478)	5/29/2003 1:52:37 PM
From: Oeconomicus	Read Replies (1) \| Respond to of 164684

don't ya feel bad stealing from the nation's future? not even a little? You're starting to sound like GST. Did ya know that in 2003, 91 million taxpayers will receive, on average, a tax cut of $1,126 under the Jobs and Growth Act of 2003? Did ya know that in 2003, taxpayers with incomes over $100k will pay 73.3% of all income taxes, up almost 1% as a result of the act? Did ya know that in 2001, taxpayers in the over $100k group accounted for 8.5% of all returns and 40.5% of all adjusted gross income, yet they pay close to 3/4 of all income taxes and the new "cuts" raise their share by a point? Doesn't exactly support your "tax-cuts-for-the-rich" mantra does it? Do you even know the breakdown of the 2003 aggregate tax breaks between the dividend/cap gains cuts and all the other cuts? I don't think so. Would you like to know? Here: Accelerated 10-Percent Bracket Expansion: $5 B Accelerated Reduction in Income Tax Rates: $29 B Accelerated Reduction of Marriage Penalty: $19 B Accelerated Increase in Child Tax Credit: $16 B Total Relief from Ordinary Rate Cuts: $69 Billion Reduction in Tax Rates on Dividends and Capital Gains: $8 Billion Increase in Small Business Expensing for New Investment: $3 B Increase in First-Year Bonus Depreciation: $20 B Total Relief from Business Tax Breaks: $23 Billion AMT Hold-Harmless Relief: $9 B Total 2003 Tax Relief: $109 B So, dividend and cap gains cuts account for less than 8% of the tax breaks this year. Again, your mantra isn't supported by the evidence. Perhaps you should do a little research next time - see if you can do better than GST's typical "in-depth analysis". treasury.gov treasury.gov treasury.gov