I thought the Bush tax cuts only benefitte dthe rich?

[RIJIMMY]

Originally Posted by likwid

The issue is, you just look at the tax rate itself, you're stuck in the box of "they pay this much".

Well, I can tell you, even over 6 figures, with a halfway decent CPA you WILL get back 3/4 of that or more depending on how good they are and what they tell you to do with your money.

There's so many loopholes in the system that allow you to pay virtually nothing that you can scream and hollar about how much the rate is, but is completely irrelevant in the grand scheme of things.

I refuse to disclose my income because well, its none of your business, but I can tell you after taxes are done, I probably paid an actual amount of around 1/3 of my 'supposed' tax bracket.

dumb ass comment - research alternative minimum tax. No way around it.