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07-14-2004, 05:48 PM
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#20 |
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I think this line's mostly filler.
Join Date: Jan 2003
Location: DC
Posts: 13,575
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A true flat tax is in effect regressive. Taking 15% of minimum wage is much more of a burden than taking 15% of $500,000.
And the superwealthy have the vast majority of their income in capital gains and dividends, while the poor are lucky to have a minimal retirement account set up, the taxes on which are deferred until retirement, anyway.
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