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Political Discussion
Reply to "Romney's tax rate under the Ryan plan would be 0.82%"
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[quote=Anonymous]12:04, Consider that the last time the tax code was rewritten was in 1986. The word wasn't as global as it was now. The tax-exempt sector wasn't as big as it is now. Tax-exempt institutional investors and foreign investments don't give two hoots about our domestic tax systems. They're not paying taxes on dividends earned, and their not paying U.S. capital gains taxes, either. That changes the policy question somewhat.[/quote]
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