sbl

The big tax break that went to the rich under Bush was the 50% cut in taxes on dividends--with the 28% maximum tax rate that means 14% tax rate for those that own millions of shares of Exxon--they really need it. Oh yeah, I got a $50 decrease in the taxes on my $300 in dividends--whoopie. My Total income tax bill went from $6000 in 1983 to $10000 in 1984 (my income went up $800) when Regan passed the Tax Reform bill that cut the maximum tax rate from 91% to 35% --actually just 33% for the very rich, the 35% only applied to the upper middle class.