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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (575947)7/12/2010 9:33:54 AM
From: Alighieri1 Recommendation  Read Replies (3) of 1572112
 
It jumped by 3.4 percent, while they enjoyed a 12 percent increase in their income.

So in rough terms they paid 28% on their extra 12% income...pretty un-progressive i should say...and it's unclear what the 28% means...fed taxes only, or total tax burden? Meanwhile what he fails to say is that the gap between rich and poor continues to grow. He also fails to say that the bush tax cuts, which were "designed" to spur growth, culminated in the biggest economic fiasco in decades, set up the debt situation to explode as we are witnessing today, and nearly brought the country to a depression...one obama is trying to fix in a cacophony of cat calls from republicans.

It's all very vague by design, me thinks, because the Heritage foundation doesn't have a good story to tell for policies they have been advocating.

Al
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