April 27th, 2004, 07:14 AM
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Shrapnel Fanatic
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Join Date: Jul 2001
Location: Southern CA, USA
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Re: What Do You Mean I Can\'t!
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Just some food for thought. And remember just because it is a few people that can exlude themselves doesn't mean it is just a little money you are talking about.
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I was more refering to those worth millions, rather than those worth billions. It only takes 40 people making $25k a year to equal one person making $1m. There are a few orders of magnitude greater than 40 people making that $25k per each person making $1m. In this light, the people in the millions not paying much taxes due to loopholes are just a drop in the ocean.
An interesting, but unrelated, read on the history of taxes in the US. |