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I am the so-called "rich". I pay more in taxes than 50+% of people earn in a year. Believe it or not, there is very little that the "rich" can get away with paying. We pay, in Colorado, a combined state and federal 42% of anything we can’t tax shelter, and, frankly, there is extremely little to be sheltered.

Certainly I can deduct business expenses or have the company provide expensive entertainment, but my personal purchases are all taxed at 42%, minus about $20K that I can deduct anymore. My homes, cars, planes, boats, motorcycles, clothes, furniture, meals, education, etc., are all taxed at 42% and there isn't squat I can do about it. There is little that I can deduct to keep from paying 42% on.

If I want a condo in Vail I can let the company buy it and make it an investment, but I can't have exclusive use of it or else it is deemed a personal purchase and taxed. MOST property is purchased and taxed up front, and then used as an investment. Most. The rich don't forgo paying the income tax on the money to buy the property.

Seriously rich, $50+ million, have already paid 42% income tax, which means they have paid $45+ million in tax. Have you? I have already paid more in taxes than many people earn in a lifetime, but I certainly don't receive anything more than they do, but I have paid 100 times more for it.