There are several ways to become a millionaire.
For the sake of this discussion, let's rule out winning lotteries or playing slots in Vegas.
All of the other methods have one thing in common. In order to become a millionaire, you have to shelter your money from the government.
Here is a video put out by a group of "patriotic" millionaires. Now that they've made their pile, they're asking to have their taxes raised.
There is absolutely no doubt in my mind that the overwhelming majority of these folks employ tax specialists who work very, very hard to keep these pampered puppies from paying no more taxes than absolutely necessary.
This mindset is something I call "Pull up the ladder - I'm doing all right".
There are people all over the U.S. who wouldn't mind becoming millionaires. I wouldn't mind it a bit. But if these characters are succesful in getting my taxes raised, my chances (slim to begin with) are lessened.
Anyone who wants to waste his money by throwing it into the gaping maw of the beast can go here to make a donation. Despite all these people whining, they've only gotten something like 5 million in contributions to the IRS in the last few years.
Remember, every cent you give to Uncle Sam is a cent taken away from a worthwhile purchase.
For the sake of this discussion, let's rule out winning lotteries or playing slots in Vegas.
All of the other methods have one thing in common. In order to become a millionaire, you have to shelter your money from the government.
Here is a video put out by a group of "patriotic" millionaires. Now that they've made their pile, they're asking to have their taxes raised.
There is absolutely no doubt in my mind that the overwhelming majority of these folks employ tax specialists who work very, very hard to keep these pampered puppies from paying no more taxes than absolutely necessary.
This mindset is something I call "Pull up the ladder - I'm doing all right".
There are people all over the U.S. who wouldn't mind becoming millionaires. I wouldn't mind it a bit. But if these characters are succesful in getting my taxes raised, my chances (slim to begin with) are lessened.
Anyone who wants to waste his money by throwing it into the gaping maw of the beast can go here to make a donation. Despite all these people whining, they've only gotten something like 5 million in contributions to the IRS in the last few years.
Remember, every cent you give to Uncle Sam is a cent taken away from a worthwhile purchase.
1 comment:
Most of the money made by the truly wealthy is in the form of capital gains, and not in the form of income subject to the income tax. So when guys like Buffett, Gates, Zuckerberg, et al call for increasing the income tax, they're actually asking to raise taxes on people who make far less than they do. How noble.
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