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Financial Planning / Tax Strategies


Subject:  Re: Investment Income Surtax Date:  12/3/2012  11:51 AM
Author:  vkg Number:  117052 of 127613

My mirror tells me: all of them, in exchange for a flat 10% tax rate that everybody pays.

10% would not be sufficient. The estimates I seen are closer 30-35% would be required.

Half of the country doesn't pay income tax. More than half receiving payments from the government if you consider government pensions, Social Security, food stamps, welfare, etc.
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