Thread: View Tax???
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Old 03-29-2007, 03:21 PM   #53
vrrooom
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Exclamation Tell me it ain't so


It always amazes me how uninfromed majority of taxpayers are, most of the people with 7 figure incomes pay little or no income tax. I remember a meeting I had in college with a alum from San Marino, Ca. With a 7 figure annual income, his total income tax was under 25K, everything else was diverted or sheltered. Most of the income tax burden falls on the "middle class" those of us who work for wages and don't have the ability to shift income to non taxable streams or sources (I just watched one $38M non taxable perk G-V fly into Laconia. The Chairman of course is not allowed to use commercial transportation for Security reasons HA HA).

Locally we really need a tax cap (limiting spending growth to inflation + new homes added to the tax roles) to control local spending.

My 2 centavos
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