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Re: Taxing the rich - what is the cutoff?
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Originally Posted by saden1
Finally I'd like to add that our tax system is a progressive tax system which means the tax brackets can be adjusted. The question then becomes "what's a reasonable tax bracket structure?" If you don't like the progressive tax system, that's entirely a different matter.
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The income tax is progressive. However most folks in the U.S. pay more in the regressive payroll tax.
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