IRS: Nearly 1,500 millionaires paid no federal income tax in 2009

[john dough]

I would love to simplify the tax code. Make X amount of money, pay 10% of X in taxes. I would be GLAD to lose my deductions if I knew that others would be losing theirs, and theirs are FAR more lucrative than mine. Explain what is wrong with that? I have worked with accountants that have said (without pointing out client names) that several high-worth clients take home 90+% of all revenues that they generate. Explain to me how that works as I would LOVE to make that. Even with my deductions for working for myself, my best year, the lowest I paid was about 25% in tax, AFTER deductions, and I made less than 20% of what these folk brought in. In sheer volume, I am paying close to what they pay, yet they make 300K more than I do. Pure bullsh!t, yet these are the job-creation class that seems to be NOT creating jobs, even with the Bush tax breaks. Another right-wing lie.

If someone is compensated, say, 150K, they should pay the same percentage of how much money they get, regardless of what it is called (salary, income, profit, compensation, earnings, whatever) as everyone else. PERIOD. Just because they are a lawyer or banker or professional athlete does not mean squat.

BTW, the country is NOT being carried on the shoulders of the rich. The load is being shouldered, more and more, by the middle class and poor. But you would not know that as you get your "news" from idiots that want you to ignore all but the rich, which you are too happy to do.

Dakota, if this is not an act, you sure come across as a effing moron.