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The top 5% pay a larger share of total taxes now than they did 5 years ago. The bottom 50% of taxpayers pay virtually no federal income tax.
The Bush tax cut is one of the factors that has contributed to the economic recovery which is creating jobs for those who make less than $200K per year.
Fast forward a couple of decades under the Kerry definitions. $200K will be worth less than $100K in today's dollars. Given the lack of proper indexing for inflation; many of you who are crowing that Kerry is only targeting The Rich, will see yourselves suddenly so defined. And you will wonder why living in a three bedroom two bath ranch house and driving a 6 year old Toyota Corolla is now seen as rich.
Begrudging success erodes society in general.
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