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mardi 25 septembre 2012

The Rich Haven’t Always Hated Taxes

Mitt Romney has proclaimed, “I pay all the taxes that are legally required, not a dollar more.” While most Americans may not agree with his tax rate (14%), few would disagree with his sentiment. Almost no one willingly pays more taxes than required. Yet there was a time when elites willingly acknowledged that they should pay far higher rates than others. In fact, when the income tax was first regularly put into place in 1913, the well-off were the only ones required to pay it.

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