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Originally Posted by buckman
I was never that strong in math but if you make 2.7mill. and you add 700K in taxes to 35% that you now pay it adds up to a hell of a lot more then .5%
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It's an average for all people above $2.7 mill. So that includes the Bill Gates and Steve Jobs and oil executives of America that made more in the time it took me to write this than I will over the whole year. So the average increase for all people over $2.7mil is $700k per taxpayer in that bracket.
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I think the chart as a whole is B.S. I also don't trust Obama on any tax promises. We get suckered in by the lowering the tax pledge every election, by both parties.
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I agree with you 100%. People running for president and congressmen Dems and Repubs alike, they all promise lower taxes, improved trade deficit and a budget closer to balanced. I'll make sure to not hold my breath.