Reply to Thread

Message:: [QUOTE="medoraman, post: 1056259, member: 26302"]Self emplyed create most of the new job in this country, and are some of the most audited. There are plenty of revenue checking devices in place, so most of them would not risk underreporting income. Rich people employ tax professionals since they are the target of the highest income tax rates, special taxes (AMT, "luxury taxes" etc). If I were in their shoes I would pay for the best advice as well. Like you said, tax avoidance is legal, it is following the laws as passed. "Advantage" of the "fiction" that a corporation is a person, huh? Ok, if a corporation is not a person, they are not taxable. So you just wiped out over a third of US income tax collections. You say "fair" is paying whatever the government tells you to pay? So if Congress passed a "Texas John" tax rate of 90% that is fair because its the law? Please do not drink the "tax the rich" Koolaid going around, because pretty dang soon YOU will be "rich". Remember in 1914 Congress PROMISED that only the "rich" would EVER be subject to the new income tax. Our nation had survived 138 years without any form of income tax. I really am with you John in hating tax cheats. I would never go so far though as saying whatever law Congress passes is "fair", or to think taxing other people will make our country or myself better off.[/QUOTE]