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"...However, because of shelters that allow them to understate most of their income, they pay little more on average than most Americans on the dollar. This is regressive, and unquestionably favors the superrich... "
that comes from amazon's review of the book HM. i agree that many of the tax shelters just plain suck the "progressive" tax system really is regressive in nature and hurts the very people who fight to protect it - the middle class. you may remember, i am a proponent of a true flat tax.
as a quick note though - i didn't say all aspects of the tax laws were fair, the one i addressed is one i hear a lot and one that i know something of.
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Getting knocked down is no sin, it's not getting back up that's the sin
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