| Great subject for a thread. I'm thinking about incorporating to try to limit the taxes I pay on earned income. I've heard of people establishing brokerage accounts in Nevada and avoiding some percentage of taxes on their capital gains. Does anyone have any knowledge about this? By the way, it's not the rich that pay the bulk of the taxes. That top 50% figure is about the middle class- the working professional couple with children, or the single wage earner in the low six-figures. People earning $108,048? Please- they're not rich- I don't know how any one else de fines rich, but to me it means you don't have to earn an income to maintain your lifestyle. The people earning $100K- more like $65K after taxes- are spending most of what they earn on their children, on schools and mortgages, car payments, etc. Let me tell you what it costs to send a child to a decent school in Los Angeles- and it's de rigeur here, because the public schools are a disgrace- it costs around $1000 per month per child. The real crime, in this environment of budget surpluses, is that our children- the children of this nation- are being sent to sub-standard schools- those whose "rich" parents can't afford to send them to private schools. That's where our investment should be- in our, repeat OUR children's futures. We're all connected, people. Our failure to invest in our public schools is tragic, immoral, and disastrously short sighted. If we had gleaming, high-caliber schools, complete with plenty of textbooks, computers, talented, well-compensated teachers, art and music programs, I for one would be happy to pay the amount of taxes I pay, or more! |
