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View Diary: Don't think class war from above is real? Check out productivity and wage growth since 1973 (99 comments)

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  •  Mortgage interest deductions continued unchanged (1+ / 0-)
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    after the Dole tax reform package. What was removed was the interest rate deduction for all other types of debt: credit cards, auto loans, personal loans, etc.

    This interactive tool clearly shows how much even the effective tax rate declined for the most wealthy taxpayers.  Under Reagan, the richest people received the most benefits, just like under "W."

    It also shows how Clinton balanced the budget by increasing the effective tax rate on the richest taxpayers.

    "The law is meant to be my servant and not my master, still less my torturer and my murderer." -- James Baldwin. July 11, 1966.

    by YucatanMan on Thu Mar 07, 2013 at 05:25:53 PM PST

    [ Parent ]

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