HUFFINGTON POST
03/28/2008 02:43 am ET Updated May 25, 2011

Bush Slashes Richest Americans' Taxes, Make $26M, Pay Same Rate As Those Making $200,000...

The first data to document the effect of President Bush's tax cuts for investment income show that they have significantly lowered the tax burden on the richest Americans, reducing taxes on incomes of more than $10 million by an average of about $500,000.

An analysis of Internal Revenue Service data by The New York Times found that the benefit of the lower taxes on investments was far more concentrated on the very wealthiest Americans than the benefits of Mr. Bush's two previous tax cuts: on wages and other noninvestment income.

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