Red, I could sit here and write another book for you and it'd be deleted within the hour again, so I won't save one point... The 'rich' don't pay 'income tax' because they don't have 'income'. That, quite simply, is how they avoid paying tax. Income gets buried, one way or another. I'm sure they still pay plenty of tax, etc... but it's by no means the high percentages you'd have us believe. When you get to the point where you have that much money coming in, you have people who work on finding way for you to not give that money to the government. There's many a legal way to do that. You've just got to spend the time studying the tax codes and figure out just what you can get away with... If there's anyone out there actually paying the highest marginal tax rate then they're not trying hard enough, if at all in the tax avoidance department.
You may be proud to say you gave 10000 to the government in one year but the goal around here is to give them nothing, and if that's what the rules say, that's what they'll get from me.
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Today's Featured Article - A Lifetime of Farm Machinery - by Joe Michaels. I am a mechanical engineer by profession, specializing in powerplant work. I worked as a machinist and engine erector, with time spent overseas. I have always had a love for machinery, and an appreciation for farming and farm machinery. I was born and raised in Brooklyn, New York. Not a place one would associate with farms or farm machinery. I credit my parents for instilling a lot of good values, a respect for learning, a knowledge of various skills and a little knowledge of farming in me, amo
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