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Rate hike or deduction reduction, why does it matter?
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December 8th, 2012
If you’re in the top 2%, and the net result of a rate hike or a deduction reduction is that you end up paying $10,000 more in taxes either way, why the big fight over whether the $10,000 comes from a tax rate increase of the removal and/or capping of tax deductions? Isn’t $10K $10K either way?
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