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Originally Posted by mrnoodle
So, if he lost $X thousand and saw that a simultaneous increase in his tax rate, there might not be a DIRECT cause/effect relationship, but isn't the outcome the same? I ask in all humbleness, not arguing here.
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I'm not sure what "lost $X thousand" means. Was his after-tax income actually $X thousand less in his good year than in his bad year? Or was his tax $X thousand more in a year where his income was $X*Y more?