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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We do well. I am not complaining and feel very fortunate to have two very good paying careers. But we just did our end of year tax analysis with our CPA and our effective tax rate when adding federal plus DC taxes is 45% (36% federal, 9% DC and DC is only "low" because a lot of our income is through a DC C-Corp which is taxes slightly lower at 8.5%).

45% of our income going to taxes. Nearly half of what we take home.  And yes -- we are utilizing every single tax strategy under the sun available to us and work with a very good CPA.

So let's change the complaint from "tax the rich" to "tax the billionaires" because the regular rich are playing PLENTY in taxes already. Sigh.  [/quote]

I have been saying this for years so thank you OP for posting!!
We are small business owners with HHI in the high 6 figures and we pay close to 44% in taxes like you every year. Meanwhile, billionaires don't pay because they technically don't make an income, but they take loans against assets which are not payable until death. Loans are not taxable, income is.

So yes, please don't vilify the top 1%, who are mostly small business owners (and employers) like us, or employed professionals like doctors and lawyers, who are paying their fair share in taxes! It's the top 0.01% you need to be angry at![/quote]

Definately the Top 0.01%+ that we should focus on, not the rest of the top 1%.  Those are the people paying the vast majority of taxes in this country already.

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