How I Paid Only 1% of My Income in Federal Income Tax

by admin 26. April 2011 02:23

I would like to recommend this article. It explains why rich people can avoid the taxes without high-priced lawyers under our current tax system.

How I Paid Only 1% of My Income in Federal Income Tax

http://www.huffingtonpost.com/eric-schoenberg/how-i-paid-1-of-my-income_b_852948.html

While the Republicans talk about the "shared sacrifices" necessary to close our government's budget deficit, their plan imposes pain mostly on the sick, the elderly, and the poor. Asking the rich to sacrifice by paying higher tax rates surely pales in comparison. I believe that having wealthy investors pay taxes at the same rate as middle-class workers would be an important step towards making sure that we all contribute to putting our fiscal house in order.

I agree.

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