[netmilsmom]

Saved for future homeschooling economics class!!!
thank you!

[Blood of Tyrants]

Here is another one. When was the last time a poor man gave you a job? If that same man got a $500 a year "tax cut", is he now going to employ you?

[areafiftyone]

All I can say is: "Would you mind repeating that?" ;-)

[Quilla]

Thank you for taking the time. Great read.

Approximately 51% of ALL stock and security dividends are paid to Senior Citizens. This is mostly from retirement accounts and annuities.

I hope Bush will say this over and over to counter the attack that has already started from the left.

[areafiftyone]

In all seriousness, thank you for taking the time to post this - very informative!

[SJackson]

A minor correction, though I havn't seen the actual proposals (are they out?).

There is no history in tax legislation to pass tax free or tax preferred (ie capital gains or return of capital dividends) treatment of earnings through either annuities or retirement plans to the participants. I'd be very surprised if that was proposed. I suspect any preferred treatment of dividends would apply only to dividends received directly by the taxpayer.

[Bahbah]

Excellent information. Especially the statistics on who is paying the taxes and at what income levels. I never hear them say what "rich" is.

[BOBTHENAILER]

Very nicely done.

[dd5339]

Nice post, I'm going to archive this for use in arguements with the union where I work.

Semper Fi

[Karsus]

What would you say to people that think the payroll taxes should be cut?

[RandyRep]

Thanks for the analysis - excellent work!

The big question I have is how the elimination of personal income taxes on dividends will be accounted for in IRAs and 401Ks. Will dividends paid up to the present into 401Ks and IRAs be taxed at the previous levels, or at the new levels? If it is at the previous levels, the bookkeeping will be horrendous for the funds. If at the new levels, the funds (and payments from them) will increase greatly in value. This will be a big WIN for investors and for Bush.

[Steven W.]

one mistake I caught - dividends distributed to true retirement accounts are not subject to the second level of taxation; the reason why your 401K is still taxed at the end of the year is because they (all) have stupid money managers responsible for the accounts who must sell stocks when foolish people bail the market and because managers are always trying to fix their funds to look better than they actually performed (window dressing). This is a great proposal, however, and one which will truly split the DemoncRATs on their class warfare rhetoric, leaving only the truly stupid on their side and convincing Wall St. and Main St. that the DemoncRATs will not only sacrifice homeland security for their political interests, as they did last year, but also sacrifice America's economic security and prosperity in a vain attempt to try and prop up their failed party ideals.

[BlessedAmerican]

Thanks! Good info....will save to be reread later...

[jigsaw]

Thanks for writing this!

Free Republic at its finest!

[Wolfstar]

Thank you VERY much for sharing your professional insights with us. When it comes to finance, I am among the pretty nearly clueless, so having these issues explained clearly helps a lot.

I don't mean to take advantage of your generosity, but wonder what your outlook on real estate is for this year? Prices are extremely high here in Southern California, and my gut instinct tells me the bubble will burst this year.

[B4Ranch]

I forgot to congratulate you on your 'easy to understand' dissertation. Have you considered becoming an online financial educator for FReepers?

[Drewman626]

I just realized a minor misquote I made.

51% of ALL senior citizens recieve dividends. I did not mean that 51% of all dividends go to Senior Citizens.

I appoligize for the mistake but the emphasis still remains.