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In reply to the discussion: Some clarification for those who post about their paycheck going down. [View all]yardwork
(61,533 posts)22. The problem is that prices are so much higher now.
Taxes are lower, but people's real income is much lower compared to the cost of everything. That's why people feel so squeezed. That's why it's so easy for right-wing radio to convince people that this must be the fault of the Democrats.
We need a radical socialist labor movement to restore balance. We need to reduce the obscene incomes of the top 1% and let the salaries of the bottom 80% rise.
We need to take a good hard look at Wall Street and ask ourselves if this is really the way that we want to run the country and the world.
/end rant
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Some clarification for those who post about their paycheck going down. [View all]
Glassunion
Jan 2013
OP
Are these the same rates as during the Reagan years? It seemed more, plus IRS was higher, too.
freshwest
Jan 2013
#3
I recently found my 1977 tax booklet and return. I paid a 34% tax federal rate
sinkingfeeling
Jan 2013
#4
What I don't understand is why so many people go along with being brainwashed.
yardwork
Jan 2013
#24
Not compared to income. Here's the 1st. paragraph from the 1977 Census on
sinkingfeeling
Jan 2013
#34
You're correct. The $35 times number of dependents was a temporary general tax
sinkingfeeling
Jan 2013
#33
It sure seems like it was easier for them to let the holiday expire than it was to hold the banks
jtuck004
Jan 2013
#9