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View Diary: You can fool some of the people all of the time (101 comments)

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  •  It sure did a good deal to solve (3+ / 0-)
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    SueDe, Eric Blair, Calamity Jean

    fiscal problems in the '50s and '60s when the top rate was 80-90%. The effective rate was nowhere near that but even with loopholes it brought in a lot more than the current average effective rate. The rich have been getting both their rate slashed as well as creating many more handy loopholes for the last fourth years or so...concurrently growing with the unbalanced upward redistribution of wealth in the US. Coincidence?

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