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Date Posted: 10:01:43 10/29/08 Wed
Author: Hogarth
Subject: Here's the link to factcheck.org
In reply to: Hogarth 's message, "Re: Regarding tax cuts....." on 09:58:54 10/29/08 Wed

http://www.factcheck.org/dean_wrong_on_bush_tax_cut.html

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[> [> true, ...although later... -- SB, 12:06:31 10/29/08 Wed [1]

http://www.factcheck.org/kerrys_tax_ad_literally_accurate_but_misleading.html


Share of Tax Burden:
Still Bigger for the Most Affluent

The share of the reduced overall burden has indeed gone down (again, on average) for the most affluent groups, mainly as a result of cutting the top rates and reducing taxes on income from dividends and capital gains.

Furthermore, the middle 20% pays a bit higher share, and the next-highest 20% saw their share of the total burden to up by seven-tenths of one percent. So the Kerry ad's claim is technically accurate if the "middle class" is defined as the 40% of the population making up the middle and fourth income quintiles.


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