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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (16790)	4/9/2008 8:27:22 AM
From: michael97123	Read Replies (1) \| Respond to of 149317

your chart shows no higher rate in 99 than 31%. Remember the phasing out of deductions that adds a few more per cent. So lets say 34% + CA rate lets say 6% plus 2.5% medicaid plus sales tax lets 1/2 of 7% or 3.5..Total is 46% of last dollar for a family that is just making ends meet. MY core point is that raising taxes now given the above plus the fragile nature of the economy regardless of its cause would make the situation worse. BTW add 50k in cap gains or dividends after repeal and then the rate hits 40 and at 200k donut kicks in and you are at 65%. We both made our points. Yours is based on bush damage and mine is based on future damage. Wont you even admit that rates close to 50% for the so called upper middle class are disastorous.