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JADE-LOG

After three days without reading, talk becomes flavorless.~~~ Chinese proverb
Articles Posted: 47  Links Seeded: 7029
Member Since: 5/2008  Last Seen: 2/23/2012

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In the Top 1%, but of Taxpayers, Not Income ~~~ Tax Inequality

Seeded on Sat Jan 28, 2012 12:32 PM EST
Read ArticleArticle Source: The New York Times
politics, mortgage, mitt-romney, alaska, abc, michelle-obama, nevada, loopholes, s-dakota, adj-gross-income, altern-min-taxes, buffetts-secretary, federal-state-local-income-taxes
Seeded by jade-log
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So with all the focus on tax rates, I sat down with my 2010 returns, calculator in hand. I’m still reeling from the results. ~~~

When I reported the results to a few prominent tax experts, they were initially incredulous. “That’s very, very high,” said Robert Willens, a tax lawyer. “Congratulations.”

 

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  • Groups: Anti-Discrimination, Corporate Watchdogs, Extreme Liberal Democrats, FIRED UP DEMOCRATS!, Happy with Corporate America?, Heated Debate, Living with Less, Michelle Obama Fans, OWS Consolidarity, Progressive American Rights, Respectful Debate, Southern Liberal Democrats, The Anti-Moron League
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jade-log

I don't resent Mr. Romney's millions or his low tax rate. As Mr. Buffett pointed out, he didn't write the tax code he's now taking advantage of. But maybe we can learn something more important from people who aren't household names or members of the Forbes 400. I'd like to hear from more hard-working people like Ms. Bosanek who are paying high rates.

Quite an inequality. I'm not sure a legion lawyers, accountants and spin experts could change the outcome much or could it?

  • 1 vote
Reply#1 - Sat Jan 28, 2012 12:36 PM EST
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