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Tax rates are set, they are not automatically going up or down based on what you make.The more money you are talking about the greater the increase or decrease.
5.05% and 6.74% reduction on their rates is a whole lot more of a reduction for those in the 1%, than the measly 1.10% the bottom 50% got.
Not if their tax rate remains the same while those who make a whole lot more enjoy a reduction in rates.It isn't surprising that those that don't make a whole lot of money actually have more even tax rates.
HuH? It's not that hard to figure out. The ones that make less have a set rate. There are not that many loop holes and tax shelters they can take advantage as opposed to the rich, which can end up paying a smaller percentage.There just isn't much to go after there. Not to mention comparing someone who makes say $1000.00 per week and someone who derives their income from investment return and pays quarterly with ever differing deductions as well as fluctuations in actual gain or loss, is deceptive to say the least.
Not as long as we have Republicans controlling Congress, who have pledged allegiance to a lobbyist that they will not raise taxes, although letting the payroll tax cut expire on the middle class was deemed okay by their Guru, Norquist.However, if you are advocating for a broader, fairer tax that simplifies the differences and brings everyone into the mix fairly as they should be then I would welcome you to the fold.
However, I don't think that is the case.
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