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It did grow during that period, went from about 34% to 40%. And some of that purchasing power is used to to pickup more of the tax tab so the...
So, he brought up the graph showing total income share increase for the top, its an incomplete picture without also showing the total tax share....
You fail to mention the top level's income tax share also grew during that time, in fact the top 1% makes 22% of the total income while paying 40%...
No, this economy crisis is directly related to unsustainable level of credit to everyone, consumers, businesses, government. Americans have been...
See WAMU is both a mortgage loan originator and MBS broker/dealer. i.e. they issue loans to consumers and sell MBS on the market. Typically the...
Nice, why don't we add a special tax for every car sold to pay for the auto bailout. :rolleyes:
LOL, kinda hard to slam TJ when yourself was given a lesson on M2M by major.
You got to be more physical than this
For starters, you forgot the 5% ma state income tax, 6% payroll tax. Not to get into too much details, childcare cost around Boston for 15k-20k a...
What the hell are you talking about, there are fix costs associated with being employed, things like child care, transportation, work attire etc....
You can't really use child care deduction as they are phased out at high income levels. Higher paying job? What's wrong with earning a...
Isn't the top bracket will go from 35 to 39.6? That would be $4600 in difference? Regardless, you have to take into account the additional cost...
Getting elected = Most competent? :confused:
Then why stop at 80%, drop the profit to 50%, as long as its above zero people would keep investing right? :rolleyes:
This is the same thing as trying to artificially lower the mortgage rate, pump up people's credit all to prop up the housing market. I doubt its...
We are mostly borrowing like there is no tomorrow. The whole euro zone is in shambles.
I can't help but chuckle when someone is 100g in the hole on student loans with a degree in east european literature.
Nothing is permanent, well except paying tax. :cool:
Easy, they make 68% of the total income share while paying 86% of the total tax share.
The reason the person making a million buck is paying 6050 is because he is paying 39.5% between 350k to 1,000,000. That's 650k of income taxed...
