March 13, 2003 04:11 PM | Permalink |
An editorial in the March 13, 2003 Wall Street Journal repeats the Bush administration’s claim that the President’s proposal to eliminate taxes on dividends would be a bonanza for the elderly. That’s not true.
The administration and the Journal get only one, irrelevant statistic right: almost half of taxable dividends are received by seniors. But there are a number of other, more telling facts that the administration and the Journal choose to ignore.