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View Diary: Most Americans saw their total tax rates fall over the past 30 years. But the rich made out best (37 comments)

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  •  It's important to get the wording right. (0+ / 0-)
    Buffett recently said he'd like to see a minimal effective tax rate of 30 percent on anybody making $1 million and 35 percent on anybody making more than $10 million.
    Actually, 30% on income over a million dollars, and 35% on income over 10 million.

    If you make 1.1 million, it's a big difference.

    I had to explain to a person who makes "a bit more than 300,000" that we're not discussing a hike of 6k (not that a sane person would care) but a hike of about 1k on her yearly income if the tax cuts end.

    Even people who make that kind of cash don't understand how tax brackets work.

    "the Agency continues to verify the non-diversion of declared material at these facilities and LOFs."

    by JesseCW on Tue Dec 04, 2012 at 07:02:29 AM PST

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