But, most people who make 200K+ have more wiggle room to work with, take better advantage of their tax break options (most of which were specifically written for them), and therefore end up paying a smaller percentage of their _total_ income on taxes.
For example, the lawyer my mother worked for in the 80s made well over 400K, and paid less than 5K in taxes each year (a fact he was very proud of, and told everyone). On 2/5/07, G Money <[EMAIL PROTECTED]> wrote: > > I thought the more money you make, the higher your tax bracket, and the > larger the percentage they take out of you....? Isn't that what a tax > bracket is, just another rung on a percentage ladder that you climb? > > On 2/5/07, Rick Root <[EMAIL PROTECTED]> wrote: > > > > in my opinion, people making a lot of money have a far easier time > > avoiding > > taxes than people in the middle classes and lower middle classes. They > > may > > pay more dollars, but they pay less as a percentage of their income. > > > > > > > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Upgrade to Adobe ColdFusion MX7 Experience Flex 2 & MX7 integration & create powerful cross-platform RIAs http:http://ad.doubleclick.net/clk;56760587;14748456;a?http://www.adobe.com/products/coldfusion/flex2/?sdid=LVNU Archive: http://www.houseoffusion.com/groups/CF-Community/message.cfm/messageid:226868 Subscription: http://www.houseoffusion.com/groups/CF-Community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
