Social Peace

[Ice]

Not really- a good attourney can lacerate a rich man's taxes. Usually, they pay out very little. Also, income taxes have very little effect on today's rich, because of their alternative sources of income.

I wish I had enough experience to really post a good opinion here- eventually, I will be able to effectively defend the socialist cause.

I don't care how good your attorney is, if you make 500,000 a year compared to 50,000, you will pay a ton more in taxes.

[Papewaio]

No, not if your income is in capital.

If your shares, real estate, bonds etc go up in value by $500,000 you get taxed less then if your get an income of $500,000.

Add to this things like devaluation, tax credits and other forms of offsets and you can end up being far less taxed then someone else on a much lesser income.

My father earns about twice as much as me but pays half the amount of tax... why? Because he also owns a farm and it earns over a certain threshold... hence it is a legitmate capital investment and not a hobby farm... as such the costs of the farm can be deducted. End of the day he pays less tax and creates larger capital by investing in the farm... and farming Maine Anjou cattle and Truffles... which people get to use... that and preserve a third of the farm as native growth with emus and kangaroos.