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- Mar 19, 2005
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1) 2) as I said no one under 150k pays ANY federal income tax.. just their consumption tax. every dollar over 150K is at 10% (I think thats what I put before) and anything over another high number (500K?) is at 20%. Then when you buy your gucci loafers for $300 everyone pays the same exact consumption tax.
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I want to shop where you shop if you can get Gucci loafers for $300!