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Politics : Don't Blame Me, I Voted For Kerry
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To: Alan Smithee who wrote (24939)5/23/2004 5:50:16 PM
From: bentwayRead Replies (2) of 81568
 
In a progressive tax, the more you earn, the higher your tax rate as a fraction of your income.
In a regressive tax, the less you earn, the higher your tax rate as a fraction of your income.
Progressive taxes soak the rich, regressive taxes soak the poor.
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