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Politics : Formerly About Advanced Micro Devices

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To: J_F_Shepard who wrote (930502)	4/15/2016 7:27:02 AM
From: longnshort	1 Recommendation Read Replies (1) of 1578136

But the middle class would face a significant tax hike too: with those in the middle quintile of the income range facing a tax increase of about $4,700, resulting in an average decrease in after-tax income of about 8.5 percent. That’s worth repeating: With Sanders’ plans in place, middle-class earners would face a nearly 9 percent loss in after-tax income. The TPC analysis makes clear that these tax hikes would have significant economic effects of the kind that most would describe as negative. “The increases in marginal tax rates under the plan would reduce incentives to work, save, and invest,” the report says. Sanders’ tax plans would also end up “significantly reducing incentives to invest and increasing tax distortions in the allocation of capital.”

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