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Income Is Not Wealth

Saturday, October 15, 2016 0:26
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Written by Steven Hansen

Some time back, a reader commented on one of my posts stating:

Just out of curiosity for whom have lower taxes created more wealth? Certainly not the middle class – you know, the people in the charts up above with the 40k or less in net worth. A large number of folks in that median and sub-median are pay little or no Federal income tax, although if they work they do pay the flat earnings tax called FICA. Yet they still can’t or won’t save.



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