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LiberalFighter

(50,856 posts)
Tue Jan 31, 2012, 03:50 PM Jan 2012

The issue of tax discrepancies is bit more than what others understand IMO

When a worker pays federal income taxes and their effective tax rate is determined it does not include Social Security or Medicare taxes.

While those that receive most of their income from capital gains, dividends or other non wages don't pay those taxes. And only pay at most 15% on long term investment.

The rich have more of their income exempt from federal taxes because of higher deductions when it is taxable. And they have all of their income when they are not wages exempt from other taxes that everyone else pays.

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