I pointed that out to someone who felt that her and her hubby were paying more they make like $300k/year. Sure she pays a lot, but how can she think everyone whose rich pays a lot? My dad's accountant said business owners who make a lot can write off a lot. Also when you make 7 figure incomes there are a lot of ways to shelter it and get paid so you don't pay taxes on it.
At DH's company he got restricted stock. However if you hold it 2 years it's tax free! He got a letter stating this with the tax law code showing how it's legit. So when upper management gets their bonus say $500k over 4 years, if they hold it for 2 year they get all that income without paying a penny of tax on it.
And you're telling me that the really rich pay a lot? No way, there are way too many loopholes like that one.
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