Quote:
Originally Posted by Clodfobble
I think he's saying that with all the loopholes and accounting tricks, the rich don't actually end up paying 36-39%, they pay a much lower percentage when all is said and done.
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That is a true statement. It is called taxable basis. If you elimintate all the loop holes for everyone and no one gets a break from paying taxes, and everyone pays the same, in the end you will collect more.