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Yep great way of screwing your country just as the biggest recession of the last 70 years kicks into high gear.
Over tax the people who will employ and rebuild the country with inititive and entrepreneurship. Take it for the Govenment who will blow it on useless ill planned expenditure instead.
I read on CNN money last month a breakdown of taxes paid by Americans.
Turns out 74% of American income taxes are paid by people earning over US$100,000+ a year. You can see why they want to tax the higher incomes more, thats where most of the tax money comes from.
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