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Sunday, October 23, 2011

Middle Class Squeeze

Our "tax system" is virtually FLAT when one considers all taxes and the hodgepodge of charges and levies we struggle with.  Suffice it to say that we have  a big "regressive employment tax" that have enlarged over the decades.
http://www.statesman.com/business/personal-finance/how-much-can-the-99-percent-squeeze-out-1928809.html

http://assetbuilder.com/blogs/scott_burns/archive/2011/10/21/how-much-can-the-99-squeeze-out-of-the-1.aspx

A regressive tax is a tax imposed in such a manner that the tax rate decreases as the amount subject to taxation increases.
http://www.ask.com/wiki/Regressive_tax