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To: Alberta's Child
Because anyone who pays that much in Federal income taxes is already paying far more than their "fair share" to begin with

Then what you should be harping on is the progressive tax system, not that they already pay more then their share. In a progressive tax system, you should pay based on tax bracket, not based on the quality of your accountant.
48 posted on 05/17/2018 6:35:08 PM PDT by JoSixChip (He is Batman!)
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To: JoSixChip
I am not harping on anything. I'm just pointing out the facts here.

It's not just a function of progressive income tax brackets, either. They'd be paying more than their "fair share" even with a flat income tax rate.

The state legislature in New Jersey had to pass a mid-year budget adjustment a couple of years ago after ONE TAXPAYER moved out of the state. He was a Wall Street hedge fund guy, and it was estimated that he paid something like $100 million to $120 million in state income taxes for the last year he lived in New Jersey. There's no way in hell a single taxpayer uses $100M+ in taxpayer-funded services no matter how you look at it. So, yeah -- he was paying far more than his "fair share."

49 posted on 05/17/2018 6:40:55 PM PDT by Alberta's Child ("I saw a werewolf drinking a pina colada at Trader Vic's.")
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