Friday, April 14, 2006

Cut That Tax Bill

BeggarsCanBeChoosers.com: Pssst. Wanna Know How To Reduce Your Tax Bill? Simple: Become Rich: "Tax season is here again. Would you like to know a sure-fire way of reducing your tax bill?

Simple. Become rich. The richer, the better.

Example: let's say your wealth puts you in the top 1/100th of 1 percent of all Americans. That's about 28,000 people in the U.S. These people, on average, make around $2 million every five days, which is what the average American earns over the course of a lifetime.

The tax burden for these super-rich people has been steadily falling for years. For example, in 1993, they paid 30 cents of every dollar into federal income tax. In 2000, that had fallen to 22 cents. Now, with the Bush tax cuts, it has fallen to 18 cents."

So I paid more taxes than most billionaires. Hmmm. One year I paid more taxes than Exxon. (Paying those state employees good, eh?)

No comments: