Comment: Nice analysis - but

(See in situ)


tasmlab's picture

Nice analysis - but

When I started earning over $200K my accountant and (then) lawyer came up with the standard plan that draws federal income tax down to 14% of income.

And then if you actually get like Mitt Romney rich, the sales tax and property tax become more marginal compared to income.

But I agree if you make more than $35K and less than $250k or so, you really get brutalized. Everyone gets brutalized (poor and rich alike), but the middle of the pack (most people) gets it stuck to them HARD.

Currently consuming: Harry Browne, Free Domain Radio; JT Gatto and Holt; Wii U