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Originally Posted by SniperSB23
We are in a huge deficit and need to reduce it. That means taking in more money and spending less. The best way to do that is by rolling back Bush's tax cut to the wealthy which has done nothing but hurt the economy. So paying more taxes helps reduce the deficit and in turn make the American dollar worth more. Isn't helping your country the patriotic thing to do?
Sometimes I wonder if people even understand the tax structure in this country. I can't believe how many times I've read someone say that now they will pay 50 to 60% of their income on taxes. It's a graduated tax system. On the first $250,000 they will get charged the exact same amount of taxes as people making $249,999. It is only the income over $249,999 that will get taxed at a higher rate and it isn't 50 or 60%.
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I completely understand how the tax structure works. I got into an discussion with a lady I work with, who is close to 50 years old!! who said she didnt want to get a raise because she'd go to a higher tax bracket and actually end up with less $$.. I was like.. you realize you get taxed a certain $ of your first 7,500.. than a higher % for the next amount up to x amount of dollars, etc.
Its not like if you make 59k you are taxed 25% Of all.. then you make 60k and you get taxed 33% of all! I couldnt believe she didnt know that after how many years of doing her taxes?
as far as the bolded part... Democrats have always been great at spending less
(and I'm not including G-Dub in the Repub spot cause he spends just at bad as a dem- and pissed off a lot of Repubs doing it)