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<blockquote data-quote="ez bake" data-source="post: 2004852" data-attributes="member: 229">We don&#039;t... the IRS does.&nbsp; BTW, I&#039;ve said this before and it&#039;s still valid - 1%&#039;ers don&#039;t just have millions of dollars in unsecured cash or assets laying around in their name (unless they just won the lottery - but no worries, they don&#039;t stay 1%&#039;ers for long).If you have an ass-ton of cash or assets, you most likely hide it in a shelter of some sort for one reason... to get out of paying &quot;your fair share&quot;.&nbsp; Most tax-shelters are businesses or non-profit organizations and that is why taxing the rich at a higher percentage is stupid and ignoring the loopholes that businesses utilize is just as stupid.If I&#039;m pulling down $1m per year (and I&#039;m not - despite everyone telling how much they make in this thread... is that weird to anyone else?) then guess what - I&#039;m broke in the eyes of the IRS because my company has an asset that I live in and an asset that I drive - but me, I bring in a mealy $10k per year and enjoy a private jet, etc... all on the company&#039;s dime.&nbsp; Again that was an example - I don&#039;t have any of that stuff (at least not until my gangster rap career takes off - that reminds me, I need to buy a new copy of AutoTune...).</blockquote>

[QUOTE="ez bake, post: 2004852, member: 229"] We don't... the IRS does. BTW, I've said this before and it's still valid - 1%'ers don't just have millions of dollars in unsecured cash or assets laying around in their name (unless they just won the lottery - but no worries, they don't stay 1%'ers for long). If you have an ass-ton of cash or assets, you most likely hide it in a shelter of some sort for one reason... to get out of paying "your fair share". Most tax-shelters are businesses or non-profit organizations and that is why taxing the rich at a higher percentage is stupid and ignoring the loopholes that businesses utilize is just as stupid. If I'm pulling down $1m per year (and I'm not - despite everyone telling how much they make in this thread... is that weird to anyone else?) then guess what - I'm broke in the eyes of the IRS because my company has an asset that I live in and an asset that I drive - but me, I bring in a mealy $10k per year and enjoy a private jet, etc... all on the company's dime. Again that was an example - I don't have any of that stuff (at least not until my gangster rap career takes off - that reminds me, I need to buy a new copy of AutoTune...). [/QUOTE]

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