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Sun, Sep 28, 2003 - Page 11　News List

Americans earn less; rich benefit

TAXING MATTER An unannounced report released by the IRS said that while all workers in the US were earning less money, tax cuts meant the wealthy saved more

NY TIMES NEWS SERVICE , NEW YORK

Overall, the tax rate fell, with Americans paying the government US$0.142 in taxes on each dollar of income, down from US$0.153 in 2000. Because spending did not decline, the government borrowed to make up the difference, in effect deferring the cost.

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