After the midterm elections, Congress plans to vote on the expiring Bush tax cuts. A lot’s been made about whether raising taxes by letting the cuts expire is a bad idea in the current economy. The debate also touches the graduated tax and at what income level should a higher tax be imposed. Bush tax cuts set to expire, political battle ensues Obama plan would let cuts expire at $200,000, $250,000, for singles, couples Graduated tax means expiration affects …
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