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Reply to ". Tax policies aimed at the rich give 400 billion to the wealthiest Americans."



quote:
What we find is that the tax code really didn't explode in complexity until World War II, which we observe in the large jump from being just 504 pages in length in 1939 to 8,200 pages in 1945, the final year of the war. Since then, we find that the number of pages in the U.S. federal tax code have grown at a near-steady exponential rate of 3.28% per year, which as of 2010, means that the U.S. tax code has ballooned to be 71,684 pages in length!
http://politicalcalculations.b...-us-federal-tax.html

I suspect that some of those pages contain tax shelters and deductions for the rich that were passed by Democratic Congresses and signed by Democratic Presidents as payment for campaign contributions. It doesn't matter what the official tax rate is, the über-rich have always had ways to hide income. If Obama does raise the official tax rate on those individuals making more than $200,000 and couples making $250,000, he will only likely extract a few dollars from highly compensated professionals (like medical doctors) and small business owners.

"We don't pay taxes. Only the little people pay taxes."-Leona Hemsley

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