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Politics : Formerly About Advanced Micro Devices

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To: combjelly who wrote (359198)11/20/2007 2:28:52 AM
From: tejek  Read Replies (2) of 1575796
 
"That is nowhere close to 40%"

The figures I have seen puts it right at 20%. Which is, indeed, nowhere near 40%.


The whole use of percentages is a smokescreen. If the top 1% pays 20% or 30% or 40% of the taxes, it because they earn so much more than the rest of us. It shows just exactly how a good portion of income generation in the US accrues to the upper one percent of the economy, necessitating the payment of those sizeable taxes. And considering the phalanx of accountants and lawyers they employ to find loopholes in the tax code, that tax burden should probably be much bigger.
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