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<blockquote data-quote="Charlie Zureki" data-source="post: 35589" data-attributes="member: 153">Re: Gibson raided&nbsp;&nbsp; Hello Ryan,&nbsp; The ONLY thing I disagree with is that 1% of the US population pays 38% of the total income Tax collected. The richest of the American rich do not pay the 38% ..although they&#039;re supposed to under current Law, they DON&#039;T.&nbsp; They have Accountanting Firms &amp; Tax Attorneys that find ways for exemptions, and Tax Deferred means of keeping their Money. &nbsp; &nbsp; There is also a lot misunderstanding among many Americans (wonder where that came from?) That the extremely wealthy in this Country are &quot;picked on&quot; because of their wealth. When one examines the financial moves and opportunities that&nbsp; the extremely wealthy class makes and has open to them, and then the ability to counter the Tax Laws through their advisors, it would astonish most Americans.&nbsp;&nbsp; The majority of Americans do not actually pay any substantial amount of their income directly through Pay roll Taxes. The Lower income and Lower Middle income earners take the deductions through property Taxes, dependant deductions, and Medical &amp; Child care deductions and receive Tax refunds. But, since they tend to live check to check and spend all of their money on goods and services, they do pay a higher percentage of their income through Sales Tax and Excise Tax.&nbsp; &nbsp;&nbsp; Those on Social Security, Disability and Unemployment may not pay any &quot;Income Tax&quot; but, they again, pay a higher percentage of their income through Sales Tax and Excise Tax.&nbsp;&nbsp; It is truly those whose incomes are over 100k per year that get hit with the bulk of Taxes..of course, until they hit the income amount that they can justify hiring the Tax Lawyers and Accounting Firms to find ways of keeping their dough.&nbsp; Yes, I think the Tax Code should be changed.&nbsp; Simplify. &nbsp;&nbsp; Hammer</blockquote>

[QUOTE="Charlie Zureki, post: 35589, member: 153"] Re: Gibson raided Hello Ryan, The ONLY thing I disagree with is that 1% of the US population pays 38% of the total income Tax collected. The richest of the American rich do not pay the 38% ..although they're supposed to under current Law, they DON'T. They have Accountanting Firms & Tax Attorneys that find ways for exemptions, and Tax Deferred means of keeping their Money. There is also a lot misunderstanding among many Americans (wonder where that came from?) That the extremely wealthy in this Country are "picked on" because of their wealth. When one examines the financial moves and opportunities that the extremely wealthy class makes and has open to them, and then the ability to counter the Tax Laws through their advisors, it would astonish most Americans. The majority of Americans do not actually pay any substantial amount of their income directly through Pay roll Taxes. The Lower income and Lower Middle income earners take the deductions through property Taxes, dependant deductions, and Medical & Child care deductions and receive Tax refunds. But, since they tend to live check to check and spend all of their money on goods and services, they do pay a higher percentage of their income through Sales Tax and Excise Tax. Those on Social Security, Disability and Unemployment may not pay any "Income Tax" but, they again, pay a higher percentage of their income through Sales Tax and Excise Tax. It is truly those whose incomes are over 100k per year that get hit with the bulk of Taxes..of course, until they hit the income amount that they can justify hiring the Tax Lawyers and Accounting Firms to find ways of keeping their dough. Yes, I think the Tax Code should be changed. Simplify. Hammer [/QUOTE]

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