Friday, January 10, 2003

From the NY Times:
"Because state income taxes are typically tied to federal income taxes, states will almost certainly lose revenue under the White House plan, lawmakers said. The plan could also make it more expensive for states and municipalities to issue their own bonds. The White House considered including assistance to states, reportedly as much as $10 billion, but the provision was cut.
"An analysis by the Tax Policy Center, a moderate-to-liberal research organization run by the Brookings Institution and the Urban Institute, found that Mr. Bush's plan would direct 28.3 percent of its benefits this year to the top 1 percent of earners, with incomes starting at $317,000, and 22 percent of its benefits to the bottom 80 percent of earners, those making less than about $68,000."

Wednesday, January 08, 2003

From PETA:
"Chickens are probably the most abused animals on the face of the planet. They suffer all number of cruelties, including being left by the hundreds of thousands to starve to death, having their sensitive beaks seared off with hot blades, being crammed eleven birds to a tiny cage along with the decomposing corpses of other chickens, and arriving dead in huge numbers from long journeys in extreme weather conditions. Basically, any and all abuse is allowable when it comes to chickens, who are, in fact, remarkable animals with distinct personalities and an intelligence, if allowed to develop, as advanced as that of cats and dogs. Most importantly, they feel pain, just like we do."

Go here and go veg!

From the NY Times:
"According to the Urban-Brookings Tax Policy Center, a nonprofit research group in Washington that has also analyzes tax changes, 64 percent of the benefit from eliminating dividend taxes would flow mostly to the wealthiest five percent of taxpayers — about 4.7 million tax returns."

Tuesday, January 07, 2003

From the NY Times:
"The Center on Budget and Policy Priorities, a liberal research group, cited an analysis of Federal Reserve data today showing that 85 percent of the value of stocks and bonds was held by the top 10 percent of the income spectrum in 1998, the latest year for which comprehensive data is available. Citing I.R.S. data from 2000, the group said 22 percent of taxpayers with incomes under $100,000 reported any dividend income, while 72 percent of filers between $100,000 and $1 million and nearly all filers above $1 million reported dividend income."