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Old 12-19-2005, 11:31 AM   #4 (permalink)
flstf
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Location: Moscow on the Ohio
Since the poor and middle class spend a larger portion of their income on living expenses (food, shelter, etc..), and since these item's prices are probably 50% or more due to taxes, then they spend a lot more of their income on taxes (indirectly) than the wealthy. An income tax cut only immediately effects those who pay income taxes, eventually it may help to reduce the price of goods and services though.
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