The Bush Tax Plan

Here you can read a summary of President Bush's Tax Plan. Naturally the Administration got the dividend tax issue backwards. It would be much better to allow corporations to expense dividends paid than to allow individuals to deduct their dividend receipts. After all many dividends go to IRA and pension funds accounts where they are already sheltered. And the whole point is to put dividends on the same plane as interest payments which, of course, are deductible to the payor and taxable to the payee. What a world!