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Politics : Foreign Affairs Discussion Group
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To: GST who wrote (147988)10/15/2004 10:34:58 AM
From: DavidG  Read Replies (1) of 281500
 
An often-overlooked side of the fed debt and taxes -
As the rich and corporations pay less or no taxes (or sometimes even get credits) thru tax breaks, their share of taxes paid is less. As the debt piles up, then a larger share of this debt is left to those who do pay taxes, the middle, upper middle, and (especially) very highly paid wage earners with reported income and withholdings. Since the debt is a future tax, the "tax breaks for the rich" result in higher taxes for those who are left paying taxes.
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