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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth
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To: Bill who wrote (142803)10/23/2008 4:22:37 PM
From: Kevin Rose  Read Replies (1) of 173976
 
Yes, sorry. But, the reality is that someone with a taxable income may have a gross of much more, due to the tax planning and available deductions, which sort of changes your original math.

For people w/taxable income of $500K, much more of their income is available for investment that can be shielded from higher rates. Someone making $42K has little available for such shielding.
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