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Financial news I consider important, with my opinion, which is worth as much as you paid for it.
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Wednesday, August 18, 2010

Obama - Bush Tax changes

Excellent visual on impact of keeping all of bush tax cuts in place, Obama's changes, or allowing Bush tax cuts to expire.


Bottom line, no tax increases for those making under about 110k per year, and lion-share to those making over 500K.

Notice we are talking 700 billion dollars in government "revenues" through taxes, and still 3 TRILLION in missing revenues. Pretty big jump.


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