Flint, my raw household income puts me in the 28% tax bracket. My effective tax rate for 2010 was 6.53%. I have a 401(k), a mortgage and 3 kids - 1 in college. I live paycheck to paycheck, with lots of debt. I don't have the resources to manipulate my tax liability. Do you think that someone who does have the resources to manipulate the system pays the same tax rate that you do? Does he pay his share? No. Is that fair? It seems to me that the middle class is footing the bill for the rich, not the other way around.
__________________
"I'm certainly free, nay compelled, to spread the gospel of Spex. " - xoxoxoBruce
|