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by jkaplowitz
1946 days ago
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It's a misleading number anyway, since it doesn't include sales taxes, payroll taxes, or property taxes (whether directly or through a landlord), among other overlooked categories. For poorer people, those are actually most of their taxes, whereas for wealthy people income taxes are of course most of it. And most people focus primarily on the balance or refund due and their marginal tax bracket, not on the total tax liability or the effective total tax rate. Lots of confused or inaccurate conclusions get drawn. |
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