Here is my html:
It's entirely possible that what you think is bottom padding on the div
is actually caused by another style rule - for example, padding on the body
element, which is possible if you enable/disable browser quirks mode (playing with the DOCTYPE tends to have that effect).
If that is the case, it should be possible to override the default styling with a custom style rule.
Firebug can be a great help here as it shows which CSS styles affect which DOM element.