Full ProPublica Article

[tomcat 569]

https://www.propublica.org/article/the-secret-irs-files-trove-of-never-before-seen-records-reveal-how-the-wealthiest-avoid-income-tax

 

A previous poster started a thread with a synopsis of this article. As several tax gurus pointed out, the uber wealthy do nothing more than take advantage of the tax code. Indeed, no one is saying they are violating the law in any respect. However, the real income of these individuals is off the chart. ….and increasing at a rate that is astounding when compared to the average working family. Their Federal income tax rate of less than 5% is disgusting and totally unfair to the average Joe.

Mods merge with other thread if you feel appropriate 

[AU9377 5,000]

15 hours ago, tomcat said:

https://www.propublica.org/article/the-secret-irs-files-trove-of-never-before-seen-records-reveal-how-the-wealthiest-avoid-income-tax

 

A previous poster started a thread with a synopsis of this article. As several tax gurus pointed out, the uber wealthy do nothing more than take advantage of the tax code. Indeed, no one is saying they are violating the law in any respect. However, the real income of these individuals is off the chart. ….and increasing at a rate that is astounding when compared to the average working family. Their Federal income tax rate of less than 5% is disgusting and totally unfair to the average Joe.

Mods merge with other thread if you feel appropriate 

That is the real problem, income disparity.  American and International corporations operating in the U.S. need to address the issue without government getting involved or they risk forcing action in order to protect a struggling middle class.  What concerns me is a Federal government with unlimited debt spending combined with an unbearable debt load being carried by working class middle Americans. There will be a tipping point reached sooner rather than later.