Author
Ariel Perez
Why Kansas votes republican
Why Kansas votes republican
Americans with annual incomes of $1 million or more reaped 43 percent of all the savings on investment taxes in 2003. The savings for these taxpayers averaged about $41,400 each. The newspaper's tax cut analysis showed that more than 70 percent of the tax savings on investment income went to the top 2 percent of the population, about 2.6 million taxpayers; that is, the same number of Kansas residents, as reported by the U.S. Sensus Bureau in 2000.
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