“Wealthy” appears be making more than $400,000 a year.
Whew, I’m safe.
So a small business with $400,000 in income and $350,000 in expenses is now wealthy but does not have resources to fight the IRS.
And they compete against foreign businesses that do not get scrutiny.
No, the IRS has been busy going after people of lower means. Especially if you’re conservative in nature. It’s become a politically corrupt organization.
Sorry, that always the first part of the con they run.
I remember seeing a Money Magazine on the staff lounge coffee table saying in Which Candidate Should You Choose? If you want to same some money Bill Clinton has campaigned it is time for a middle class tax cut.”
He won (spoiler) and the same issue got older sitting on the same coffee table as the media said Bill Clinton’s staffs have gone over the GOP handling of the budget and Clinton just declared he will NOT be able to offer any tax cuts for the middle class and due to the bungling of the GOP he will now put in tax increases.