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Thier Fair Share

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posted on Jul, 21 2008 @ 03:15 PM
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Thier Fair Share


online.wsj.com

Washington is teeing up "the rich" for a big tax hike next year, as a way to make them "pay their fair share." Well, the latest IRS data have arrived on who paid what share of income taxes in 2006, and it's going to be hard for the rich to pay any more than they already do. The data show that the 2003 Bush tax cuts caused what may be the biggest increase in tax payments by the rich in American history
(visit the link for the full news article)


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online.wsj.com




posted on Jul, 21 2008 @ 03:15 PM
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Once again the ideas behind "progressive" policy seem to be misinformed. As Supply side economics predicted, by lowering tax rates the upper incomes earners have earned more, and thus paid far more of the national share of taxes than thery did under Clinton.
As Bulgaria, and other eastern European coutnries that have insituted the Flat Tax know, by lowering taxes we increase government revenues while at the same time shifting a lager share oft he tax burden to the wealthy.

online.wsj.com
(visit the link for the full news article)



 
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