Any comments about Mr Madoff?

Clodfobble · 03-01-2009, 10:13 PM

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.

TheMercenary · 03-02-2009, 07:18 AM

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.

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.

03-01-2009, 10:13 PM	#1
Clodfobble UNDER CONDITIONAL MITIGATION Join Date: Mar 2004 Location: Austin, TX Posts: 20,012	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. __________________ My book My other book My spirit animal

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