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Old 04-27-2011, 12:54 PM   #53
shmike
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Quote:
Originally Posted by Homeslice View Post
And my point was, plenty of "rich" people who ordinarily would be in the 35% bracket could easily bring their effective rate down below mine.
And I'm telling you that you are wrong.

To get below the 28% bracket, your AGI would have to be below $82,400 (Single, year 2010). Deductions, creative accounting, etc., your average $1mil plus earner is not paying taxes on $82k or less of income.

Quote:
Originally Posted by Homeslice View Post

Bottom line is, I don't feel sorry for rich people. They have more freedom & opportunity to GET rich in this country than practically any other.
Truth.

Same goes for poor people.

Ain't this country great?
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