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Also if you make more than $250,000 in TAXIBLE INCOME and you are having a hard time making ends meet, you need a new accountant and a little lifestyle adjustment.
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This is not something you would know but I have to keep up a second household for my mother-in-law so that is a bunch so lifestyle is not above the normal person I think.
I think that 40% of my income is a bunch, especially if you do not agree with how it is being used.
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why did we have almost full employment during the Truman and Eisenhower administrations when the highest marginal tax rates were double what they are today?
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I would guess because we MADE THINGS! We now just buy things. It was a totally different economy and we use to make things and sell them, called jobs, gas was 19 cents and bread was 10 cents. That would be my guess.
By the way my CPA is my stepmother and is also a Obama lover so why would SHE say that. She is quite good at what she does and she lives in the Villages along with my democrat to the bone father, Love them both.
When it comes to taxes she has it covered!
The way I see it is the extra money my company would make with the lower tax is about a entry level job that I could create!!