Reply to For those with high HHI ($500K), tax saving strategies

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[quote=Anonymous][quote=Anonymous]I just love these complaints about taxes. People don't think clearly.

Live in a world where there are no taxes and you are not suddenly pocketing all this extra money.

Employers would adjust their market rates and salaries DOWN  to account for the fact that you are not being taxed.

So really, think of your income as thenpist tax number and you'll be a lot happier. [/quote]

Yes, we obviously understand the money for things must come from somewhere.  But the solution isn't to just randomly tax more.  Or claim tax the rich, unless you are referencing people making worth over $80-100M+.  Those people who have W2 income/interest/dividend income that is high actually do pay tons in taxes.  In fact they don't have any way to "hide" it.  So yes, they pay the federal amount 37%+ on everything over 670K (or whatever the top number now is), SS on the max amount required, state income (0-10%) and ~2% medicare tax on everything.  They loose deductions due to AMT even if nothing besides high W2 income and so much more.  Those are the people actually paying taxes (unlike the ultra wealthy).  At some point, they do not need to pay more.  They are the ones actually already paying for most things.

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