Trying to escape the liberal policies that tax even savings, but give a tax break for some types of paid interest. Trying to pay the necessary expenses despite the government taking half your income?The income tax system also reduces long term economic growth by double taxing savings and investments through capital gains taxes, corporate income, and other taxes on capital formation. Our government taxes earned income and also the proportion of that income that individuals and families save. The result of this double taxation has been the alarming reduction in the American savings rate...
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