Symbolic of B.SHere is a letter (assuredly never to be published) that I sent to the Washington Post today in response to this paragraph that appeared in an article about Bush's "victory" on tax cuts:
The 2009 elimination of dividend taxes for poorer taxpayers is something of a symbolic gesture for Bush, since the bulk of dividends go to more affluent taxpayers. About 65 million households, with taxable incomes of $47,450 for couples and $28,400 for singles, file tax returns that top out in the 10 percent or 15 percent tax bracket, according to Brookings Institution economist Peter Orszag. Of those, about 9.3 million -- or 14 percent -- have some dividend income. About 80 percent of dividend income goes to higher-income households.