"Taking into account all levels of government, the net tax rate of those born in 1920 is 29% over their lifetimes, rising gradually to 34% for those born in 1980. For the generation born in 1994, it is 84%, and reduced only to 72% by the "extreme" Republican budget proposals. Is it fair for our future citizens to keep only 16% or 28% of their earned income?" | Quote by: | |
Source: | Government can never be "back in business," The Unreported News, p. 6, January 31, 1996. |
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