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Politics : Formerly About Advanced Micro Devices

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To: Tenchusatsu who wrote (390305)6/10/2008 7:07:56 PM
From: Alighieri  Read Replies (1) of 1578096
 
Who do you think are the "mid-wage earners"? Those making 30-50K a year? Many of them also have home mortgages, you know. Of course with the real estate boom, you've just locked out the next generation of wage earners making 30-50K a year.

Man, these people are barely getting by. They have a mortgage because they need a home, not because they are seeking a tax shelter. With a family of four, their standard deduction is close to equal their itemization expenses.

Let me ask again: Think increasing the top rate back to 39% is going to make Buffet pay his "fair share"?

I think that we need to make sure that taxes are truly progressive, and not rely on some superficial discussion that focuses only on income tax brackets.

Al
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