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re: Trickle Down Economics Explained

Posted on 5/26/17 at 9:56 am to
Posted by cahoots
Member since Jan 2009
9134 posts
Posted on 5/26/17 at 9:56 am to
The middle class already doesn't pay much income tax. Unless you're single and without kids.

A family of 4 earning $75,000 per year that saves 10% for retirement has a 5% effective tax rate at maximum. It can be even lower than that.

Our income tax system is already built around demand-side economic theory.
Posted by Machine
Earth
Member since May 2011
6001 posts
Posted on 5/26/17 at 9:58 am to
quote:

The middle class already doesn't pay much income tax. Unless you're single and without kids.

sooooooooo i pay much...cool
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