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WILL 51% TAX 49% TO OBLIVION?
June 15, 2005
Efforts to ensure tax cuts don't disproportionally benefit people who actually pay taxes have now excluded 58 million U.S. households from the income tax system, according to a report in the Tax Policy Blog.
This seems like a bad idea. When such a large block pays no taxes, they have no stake in restraining government spending - heck, spend some more, those other guys will pay!
UPDATE: State 29 is beating up Dick Doak with this.
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