FUN WITH DIVIDENDS….Via Charles Kuffner and Gorilla-a-Gogo, here’s a fun chart taken from Henry Waxman’s study of the effect of a dividend tax cut on ordinary Americans. It’s an excellent presentation of a complex economic argument, no?
Other fun facts from Waxman’s study:
In 2002, Fortune 100 companies paid $309 million in dividends to their top three shareholder officers.
Over ten years, these 300 execs would save $1.3 billion in dividend taxes.
In the 2002 election cycles, these same 100 companies made $81 million in campaign contributions and 64% went to Republican candidates. Pretty good bargain!
So, what are you planning to do with your 29 bucks?