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It's obviously possible to, for example, lower the lowest bracket and leave the highest the same. This would be a tax cut with no impact on the wealthy.
by burkaman 9y ago
It's obviously possible to, for example, lower the lowest bracket and leave the highest the same. This would be a tax cut with no impact on the wealthy.
- djrogers 9y agoNot true - it would absolutely have an impact on the wealthy, as everyone pays taxes at the lowest rate for all income up to the lowest bracket.
- s73ver_ 9y agoThe magnitude of the impact, however, would be much different between the two.
- redblacktree 9y agoThis is a pedantic splitting of hairs. It would be an insignificant change to the most wealthy.