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You're just looking at the income tax. You have to look at all taxes. I'm sure people who make more than $200,000 pay all the gift tax as well, as well as all
by gte910h 14y ago
You're just looking at the income tax. You have to look at all taxes.
I'm sure people who make more than $200,000 pay all the gift tax as well, as well as all the estate tax, all the yacht harbor fees, and a good portion of all income from the AMT.