Can a person making $64k even afford to hire an accountant?
I often wonder if it works like this: the richer you are, the lower effective tax rate you pay, since you can afford to hire a really savvy accountant, versus doing your taxes yourself.
The number of loopholes and exceptions in the tax code is simply staggering, and I know there are people who are paid very very well to exploit those holes for the rich.
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regna
(no subject)
Date: 2008-10-17 04:39 pm (UTC)I often wonder if it works like this: the richer you are, the lower effective tax rate you pay, since you can afford to hire a really savvy accountant, versus doing your taxes yourself.
The number of loopholes and exceptions in the tax code is simply staggering, and I know there are people who are paid very very well to exploit those holes for the rich.