Quote:
Originally Posted by shmike
And I'm telling you that you are wrong.
To get below the 28% bracket, your AGI would have to be below $82,400 (Single, year 2010). Deductions, creative accounting, etc., your average $1mil plus earner is not paying taxes on $82k or less of income.
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IIRC, they pay 33% on anything above $175K, and 35% on everything above $360K. It isn't like they are paying those rates on their entire income.