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Isn't the 28% of tax avoidance in the rich saying nothing of the legal loopholes and legal tax schemes to avoid taxes, which the average folk don't have access
by Dumblydorr 5y ago
Isn't the 28% of tax avoidance in the rich saying nothing of the legal loopholes and legal tax schemes to avoid taxes, which the average folk don't have access to. And how does avoidance look by brackets, I'm sure the doctors and lawyers dodge less than CEOs, though they're all 1% members.
- NovemberWhiskey 5y ago>I'm sure the doctors and lawyers dodge less than CEOs, though they're all 1% members. Virtually certain that's exactly the opposite of the truth. CEO income is primarily in the form of pay that's subject to income reporting and withholding - which are the areas which are least subject to misreporting. On the other hand, doctors and lawyers are more likely to have pass-through businesses like sole proprietorships, partnerships and S-corps - and those are the areas which the IRS considers to have the most misreporting.