Re: Re: Who Pays No Income Tax?
by Laslavic
millionaires paying no taxes is nonsense. The infamous so-called loopholes are not a prevalent as the detractors would have you believe. If they are paying absolutely no federal taxes they will get audited. The random audits as far as I know don't apply to the truly high income earners...they get special treatment with assigned IRS auditors. We are forcing the tax haven countries like Switzerland to turn over American citizen data and using a Caribbean tax haven today is like putting a spotlight on yourself. The whole rich guy's don't pay taxes is a myth. The super rich can play games by moving assets to lower income family members but it's a trick that normally attracts unwanted attention...Sure some pull fast ones but eventually they usually get nailed and pay far more than they would have. I love my rich neighbors...they pay big time. I resent the rich guy category getting increased every year so that what was once merely upper middle class is now taxed mercilessly as well. Married 45-50 year old college grads pulling down 200 to 300k combined is not rich. Rich is rich and we all know who they are not some family merely playing by the rules working middle management or pulling teeth or giving my kid a flu shot...soros is rich, the guy in an 11K sq foot house is rich. Not me.
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