You can’t if your incone is from wages.

Rich people can take advantage of the tax code because all the loopholes involve investment income.

It’s why Warren Buffet issued his tax challenge - He will give 1million to any CEO who pays a higher tax rate than their secretary. It’s telking that nobody’s taken him up on it.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:You can't earn your wages from an actual job. Those of us who do are screwed.

+1 this is why Warren Buffet has been saying for decades that it’s ridiculous that his secretary pays a much higher tax bracket than he does. The tax code has Always been skewed to the the wealthy and this administration has really modified the tax code to support the ultra wealthy.

Its insane that a NYC cop has a higher tax rate than a hedge fund manager. Oh wait, forgot that hedge fund managers are job creators.

It’s also not true. Most hedge funds work in short-term instruments and are not benefiting from preferential capital gains rates.

Anonymous wrote:

Anonymous wrote:You can't earn your wages from an actual job. Those of us who do are screwed.

+1 this is why Warren Buffet has been saying for decades that it’s ridiculous that his secretary pays a much higher tax bracket than he does. The tax code has Always been skewed to the the wealthy and this administration has really modified the tax code to support the ultra wealthy.

Its insane that a NYC cop has a higher tax rate than a hedge fund manager. Oh wait, forgot that hedge fund managers are job creators.