Washington (July 22, 2004) -- The nation’s high-income earners would shoulder the major burden of funding Democratic presidential candidate John Kerry’s revised tax agenda, according to an analysis by Big Four firm Deloitte & Touche.
A high-income couple with substantial investment income could expect to lose thousands of dollars in tax savings under the Kerry plan, as the marginal income tax rate on dividends for those individuals could jump from 15 percent to 39.6 percent, according to Clint Stretch, Deloitte’s director of tax policy.
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