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Oh course, there is the minor side issue that this wouldn't be necessary if government had left tax rates at a reasonable level during the good times: the top marginal rate of tax is now down to 41% + other stuff that brings it up to about 53%.

Bah.

by Colman (colman at eurotrib.com) on Tue Sep 30th, 2008 at 04:43:13 AM EST

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