Quote:
Originally Posted by shmike
Give it a rest, Sean.
According to TWFix...
Anybody making over $375k or worth over $1 million:
Made their money without paying taxes.
Hide their wealth in offshore accounts.
Have been known to renounce citizenship to avoid taxation.
They also rape babies and infected your Grandmother with AIDS.
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There is no magic $ cutoff, but people who make more money have more access to tax-cheating techniques.
Someone who is single, doesn't own property, and works a simple 9-to-5 office job, has access to virtually none of those techniques.
So the whole idea that we should cry a river for wealthy people because they shoulder the majority of the tax burden is BS imo. Yeah, we get it, you paid most of the country's taxes......But you also have more access to creative tax-reducing tools than most people.
Vacations to Tahoe written off as so-called "business expenses" simply because one of your clients happened to be there? Check.
Your new F250 written off because you "need" it to "service" your rental properties? Check.
Your speaking fees collected without being reported to the IRS? Check. (OK, I'm speculating there
)