Stupid liberals want to tax “the rich” but they rarely understand just who they are talking about. The truly rich who have all the money don’t pay any taxes to speak of. They hire armies of accountants and lawyers and private bodyguards to make sure they don’t spend too much on taxes. They have lobbyists and bribes to make sure the tax laws aren’t too specific and include plenty of exemptions.
So when you get down to it, “the rich” are just what used to be called “the middle class”.
You totally nailed it.
You ever hear of AMT?