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To: muawiyah

I guess you missed this part in the article...

The potential for tax increases on millions of U.S. taxpayers is still possible, the Tax Foundation explains, and would be especially devastating for lower-income families because of the changes to the child tax credit; the elimination of the 10 percent bracket, which would go back to 15 percent; and the reduced standard deduction for married filers — all of which are provisions in the 2001 and 2003 Bush tax cuts.


34 posted on 11/23/2012 5:08:22 AM PST by joe fonebone (The clueless... they walk among us, and they vote...)
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To: joe fonebone
Fully aware of that ~ but the big bucks come from going after rich Democrat Ogoobers in heavily Democrat states.

You could tax 100% of the income of the lowest income 35% of the country and that wouldn't run the government for ten minutes.

Not to dismiss your concerns about the Democrat tax conspiracy to finally come home ~ to their distress, but I think income taxes, per se, have failed to finance government, and can be considered to be just another failed government program.

Before the income tax amendment this country used indirect taxes to finance the federal government and that was quite successful ~ albeit a tad limiting eh!

This fiscal cliff deal will not be resolved by the current Congress except by almost eliminating federal spending.

Now's the time to strike! ~

35 posted on 11/23/2012 5:20:30 AM PST by muawiyah
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