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"In a study for the National Bureau of Economic Research, Boston University economists Laurence J. Kotlikoff and David Rapson have found that our all-in marginal tax rate is 40%"
This includes sales tax, property tax, and income tax. And 40% is probably a conservative estimate for people making over $250 a year. Does anyone really think that the tax rate should be greater than that? Maybe 50% of my money? Why not a majority of my earnings.
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