Regarding Rick Hauser’s defense of the wealthy and their taxes: Hauser is confusing the percentage of taxation with the amount of tax paid. While the wealthy may be taxed at 40.1 percent, they don’t pay 40.1 percent. Their tax attorneys know every deduction, exemption and loophole there is. And take advantage of it — often.
Most of those loopholes, deductions, etc., are not available to the “average” taxpayer because they just don’t make enough money to qualify.