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View Diary: Saxby Chambliss: Everything's on the table...except increasing taxes (63 comments)

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  •  Robert Reich's tax rates lower middle-class taxes (0+ / 0-)

    and makes up for it by raising taxes on the wealthy. The ex-Clinton Labor Secretary proposes:

    $0-$50k........no tax
    $50K-$90K.......10%
    $90K-$150K.....20%
    $150K-$250K...30%
    $250K-$500K...40%
    $500K-$5mil.....50%
    $5mil-$15mil.....60%
    $15mil+............70%

    Exempt first $20K from payroll taxes and raise the ceiling on payroll taxes to $500K.

    Everyone up to $250K gets lower taxes, and the Koch brothers still have plenty for private jets and private dancers.

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