Quote:
Originally Posted by Jace
well, if we are speaking actual $$$, then yeah, of course the rich pay the most...LOL
but if we are talking percentages then no way, the lower class always end up paying a higher overall percentage
shit, before I had enough money to pay an accountant I was paying 34% of my income to the IRS every year...INSANE...while I had friends that made well over $500k a year and would end up paying 21-22% because they had ways and means to make it happen
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How though? It's a progressive tax system. Unless you're making over 150k, you should never have been paying 34%. And if you make 500k a year, you're already stuck paying 20% of that upfront before even calculating in a percent.
Here is the tax table:
http://www.irs.gov/formspubs/article...133517,00.html
How could you be paying that much?
I'll also add that your friends were still paying in $100k with your numbers, which is a lot of money.