And if you could, you would. These are mostly legal, and one of the things that probably need to be changed.
Absolutely. Not trying to suggest otherwise. In fact, there is a handy spreadsheet on IRS.gov that shows details on the deductions taken by people with AGIs over $200,000 who paid no income tax. The first is the spreadsheet from which I got the stats I mentioned before.
http://www.irs.gov/pub/irs-soi/08in11hi.xls
http://www.irs.gov/pub/irs-soi/08in03hi.xls
Once again, please don't get me wrong. It is absolutely understandable that people work within the system to make as much as they can, and to avoid paying unnecessary cash to Uncle Sugar. I get it and don't for one minute blame them.
I'm really simply pointing out that when we talk about people who end up netting 0% taxes, you're talking not just about the extreme poor, where it's understandable even if you don't agree. We're also talking about a significant number of people at every income level.
While we might not think it's right that someone who makes $200,000 or more should pay 30%, 40% or 40%, do we believe it's just for this person to pay 0%, or even less than 10%? Can't we all agree that something's up there? At least, that we should take a look? I'm confident that there is middle ground.
Some things I think we all agree on:
1: That everyone should pay their fair share. No free lunches, but nothing that will place undue burden on any household.
2: That the tax code needs to be simplified.
3: That the middle class needs to be supported.
We do a lot of debating on areas where we disagree, but I'd be interested to learn where we all agree. Does anyone disagree with the three points I posted? Can anyone else think of common ground here?
Personally, my tax obligation is much higher than nil. I do what I can to reduce it, but I get nailed for a pretty sizeable chunk of dough each year. I'm not complaining. I'm simply suggesting that everyone pay their fair share.
And I've said enough times, I'm sure you guys are tired of hearing it. Rich people are not victims. It's just not constructive, in my opinion, to move from one extreme to another. They aren't victims. But they aren't villains either.