Thursday, November 18, 2004

Breaking open the "Investor Class" myth( via Matthew Yglesias). I think many people know this in general, but it's nice to put some numbers to the fact that the tax cuts aimed at the "investor class" will benefit the most wealthy among us. The argument is that there are more and more middle-class families with investments and that eliminating income tax on corporate dividends will benefit them and help the ranks of the invested grow.

This quick rundown by the Center on Budget and Policy Priorities breaks down who receives income from corporate dividends and how much. It's pretty easy to see who will benefit the most, and its not the middle-class investor.

It's worth some time to read through some of the Center's Reports. It doesn't take long to start seeing some light through the administration's fiscal rhetoric.

No comments: