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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]the bush tax cuts were never meant to be permanent. they only remain because the economy went in the dumper due to 2 wars on credit and the housing bubble plus the wall street scandal surrounding it.[/quote] Clinton had a budget surplus, and the Bush tax cuts frittered them away. We need to get rid of the Bush tax cuts by letting them expire. Also, letting the Bush tax cuts expire is not a "tax increase" like PP would have you believe.[/quote]
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