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Reply to "How many people here understand what taxable income is and how marginal tax rates work?"
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[quote=Anonymous][quote=Anonymous]And even if you do fall into that battered 1%, the chances that you created a single job this year are even less than 1%. So pay up and shutty.[/quote] Not the PP, but I guess I am in your 1%. I am right on that margin, and I hired a nanny. That negligible increase does make a difference to me and if it increases too much, I will have to let my nanny go. I am a believer in we all got ourselves into this mess, we should all be a part of getting ourselves out of it. The democrats seem more intent on paying entitlements to more than 50% of Americans than getting at the root cause of our fiscal problems. All I hear is that I make too much. I don't make too much. It would be different if I lived in Iowa, but I live in suburban DC, and my $200K, which varies with the economy, doesn't go very far. If I have a successful year in my business, I'll get hit. Why should I bust my butt to have a successful year, then? Such a disincentive. [/quote]
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