- "The first data to document the effect of President Bush's tax cuts forinvestment income show that they have significantly lowered the taxburden on the richest Americans, reducing taxes on incomes of more than$10 million by an average of about $500,000."
- "Among taxpayers with incomes greater than $10 million, the amount bywhich their investment tax bill was reduced averaged about $500,000 in2003, and total tax savings, which included the two Bush tax cuts oncompensation, nearly doubled, to slightly more than $1 million."
- "These taxpayers, whose average income was $26 million, paid about thesame share of their income in income taxes as those making $200,000 to$500,000 because of the lowered rates on investment income."
- "The savings from the investment tax cuts are expected to be larger in subsequent years because of gains in the stock market."
Maybe I should stop reading the newspapers on my breaks....