Is your opinion that extremely wealthy don't try to reduce their tax share as much as possible, either through clever accounting on their current year taxes or by influencing politicians/policies to lower their taxes directly?
Why do most middle class earners pay more than their millionaire and billionaire counterparts as a percentage? Sure you might say W2 tax rate is higher than capital gains, but why is that the case?
Why do most middle class earners pay more than their millionaire and billionaire counterparts as a percentage? Sure you might say W2 tax rate is higher than capital gains, but why is that the case?