Today there was a very good op ed in the Wall Street Journal about actual observed drop in tax receipts while raising taxes on the wealthiest. ( one of the examples being John Kerry who bought a $7 mln. yacht not in his own state of Massachussetts, but in RI whereby saving in exsess of $500,000 in taxes). The reason being that wealthy people have so many "advisors" that they won't pay those taxes anyway.
I was thinking about the doctors, who , by enlarge, make just enough money to be fleeced by uncle Sam because they are "rich", but usually not nearly enough to do the "creative" tax reporting by using those financial/tax/legal/estate etc. advisors. In the end, they probably end up paying for the poor, who completely depend on the government (i.e. taxes) and the truly rich who are smart/savvy/well connected enough to avoid paying those taxes...
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3 comments:
I am really surprised to hear that medical doctors are so taxed that they have to complain
In our country, doctors and nurses as well as teachers should not have taxes because they are outnumbered and most of them are leaving for better opportunities.
Hat’s off. Well done, as we know that “hard work always pays off”, after a long struggle with sincere effort it’s done.
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