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To the editor:
Please, please, please. I urge The Item to describe the new Fair Share Amendment surtax correctly as a tax on the PORTION of income above $1 million.
For example, if an income is $2 million, then the 4% surtax is on the second $1 million.
If an income is $1,000,400, then the 4% surtax is only on $400, the portion above $1 million.
Jo Sullivan
Peabody
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