11 May 2006

Tax stuff I didn't realize.

I didn't realize it was balanced like this,

I thought the bottom 50% income earners paid more tax percentage. The bottom 50% cut-off is $29k.

This is also interesting,

I didn't know about the creation of the 10% bracket for under $7k earnings or the 2% reduction in earnings from $30-75k. I did hear about the tax cuts for the rich.

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