Thunder Dan:
You did the same thing Obama does: you put payroll taxes in with income taxes. Why? Although it is a fraudulent, destructive ponzi scheme, SS is still a pension fund of sorts. So the effective income tax rate is around 10%, far lower than the 'rich' guy.
Also, even if you write off that 60K rent on the business, you still have to pay that 60K. You can't just sneeze at these money outlays. Finally, I bet that 'rich' guy has to pay the AMT and I bet it's a lot more.
You did the same thing Obama does: you put payroll taxes in with income taxes. Why? Although it is a fraudulent, destructive ponzi scheme, SS is still a pension fund of sorts. So the effective income tax rate is around 10%, far lower than the 'rich' guy.
Also, even if you write off that 60K rent on the business, you still have to pay that 60K. You can't just sneeze at these money outlays. Finally, I bet that 'rich' guy has to pay the AMT and I bet it's a lot more.


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