Drudge Retort: Red Meat for Yellow Dogs
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furio

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"Bush's tax cuts were in 2001 and 2003. The drop from 20 to 15% was intended, also, for the lower income investors to protect a little more of their money as it was invested individually and thru Mutual Funds, it worked!


The inflow of funds held in overseas accounts was impressive, to say the least, during this time-frame when the tax rates were adjusted to allow repatriation!"

Dogen, I love it when the mouth breathers such as your self want to debate on DR.

To say the LTCG was dropped to 15% to help people with mutual funds is a joke. Where did you pull this BS from? Mutual fund holders are the tiniest benficiaries of this tax cut. It's the rich who live off of wealth who gain from it , securities are a minority part of the total in fact. You include property, land, private enterprises, commodities, artwork, classic cars, so many freaking thing you never imagined. Your middle class do not hold much in the way of securities as they are heavy in debt. Most of the mutual funds help by the middle class are in 401k funds which are tax free.

And IF money is coming back to the US then it is because offshore tax havens are under attack by the IRS and are no longer a benefit but a liability to Americans. If you have to pay US taxes why keep it off shore? And that is only for dollar accounts. Most of the wealthy have diversified into a variety of foreign currency investments which cannot be brough into the US.

You are a fool. Please post the links where you got these brown nuggets from so I can have a laugh making fun of you pathetic sources.

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