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The wealthy don't need tax breaks. Here is an ..sm
Posted: Apr 13, 2011
interesting article on how the wealthy avoid paying taxes.
;
Whoa! No wonder they need tax consultants. - This made my head spin!
[ In Reply To ..]I didn't know that the tax rate is less for dividends. I have to admit that I like that one. That's the one that caused Warren Buffet to say that because of the way it works, that's why his secretary pays higher taxes than he does. I want some of that!
taxes - icedT
[ In Reply To ..]Push for the Ways and Means Committee to make changes in the tax code.
It reminds me of the obscene pay some athletes get for playing baseball or basketball or whatever. You hear people complaining about how awful it is, but the athlete did nothing wrong (and has a good agent). If the owner is willing to pay the high price, that's his/her problem, and the people shouldn't be angry at the athlete.
If you had the option of paying $50,000 in taxes or $10,000 in taxes, which would you choose? If these people are breaking the law, then they need to be prosecuted. If they are following the law, then I don't understand why people are angry with them. I understand that they want the government to take a large portion of their money, but why would people be angry at the rich and not at the lawmakers?
I guess my point is that these tax loop holes are not the fault of the wealthy people -- They are the fault of the lawmakers and the tax code/laws.
http://waysandmeans.house.gov/
I want the loop holes closed. Not really mad at anyone. - Just want fairness
[ In Reply To ..]There are some ridiculous tax situations out there that need to be fixed, people making multi-millions and paying less than I do. Change what needs to be changed. That's what I want.
I know ONE wealthy person... and he pays outrageous - proportion of income in taxes.
[ In Reply To ..]For the most part, this does involve small businesses too. Sure, there may be loopholes, lawbreakers, etc, but hey AMERICA, we dont solve our problems by stealing others money. Its shameful that people actually THINK this way. The Govt taking citizens money to solve the debt crisis, and those not rich are fine with stealing from the rich. Its sickening, really.
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