Posted on 07/15/2005 12:00:37 PM PDT by SunnySide
Afford the cost of high-priced tax attorneys and C.P.A's. Odds are, you don't have $100,000 or more to invest in high priced experts.
From NewsMax :
" The world is a funny place. The irony is that while you are paying forty(40%) percent or more in taxes, the wealthiest people in this country (people like Ross Perot, Donald Trump and Bill Gates) pay only single digits...reportedly between 4% and 5%. That's because they can afford the cost of high-priced tax attorneys and C.P.A's. Odds are, you don't have $100,000 or more to invest in high priced experts. "
My question is, do people like Gates, Trump et al end up paying in the end less or more than forty percent instead of the alleged single digit taxes when they have to keep high priced experts o payroll or retainer to juggle their finances? Plus it's people like them that generate hundreds to thousands of jobs so why wouldn't they get incentives?
The top 1% of tax payers pay 40% of the national tax bill.
The top 10% of tax payers pay 70% of the national tax bill.
Personally, I don't give a rip how many legal steps they take to minimize how much they pay; they employ a heck of a lot of people and without them, we wouldn't have the economy that when it is cold is still the envy of the world.
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