Spending Millions to Save Much More: How the Uber-Wealthy Avoid Paying Their Fair Share

Vatic Note:  Just a note to encourage you to read the protocols shown on the right side of the blog, why?  Because that is where you will find their plan to augment their other tools for taking over the planet,  and one of them was to cause problems within class struggles.   This looks like one of those recommendations  to cause a division between the upper and middle class.

Now Why would the powers that be want that to be the case?  Because it was the upper classes, the monied people that lead and conducted the American revolution, and did so successfully.   So dividing them is another one of those strategies, that they need to happen if they are to succeed.   If the upper class ever figured out who would be next after taking down the middle class, they would be rebelling right along with the  the rest of us.

Millionaires like Trump would be next.  I think he knows that and its why he is running.  Could he become the Jefferson of our time?  Who knows but he fits the profile of the early fathers of our nation.   Just something to think about as you read this. Is this another set up to divide us as a nation, which is a death sentence if we divide for any reason.  Wealth, race, religion etc are all tactics they have tried and failed, so now this below????  Keep that in mind as you read. 

Spending Millions to Save Much More: How the Uber-Wealthy Avoid Paying Their Fair Share
by Deirdre Fulton, staff writer, Common Dreams,  Dec 29, 2015

An elite group of the richest Americans has created "a kind of private tax system," according to the New York Times. (Photo: Philip Taylor/flickr/cc)
A special report out Tuesday from the New York Times shines a light on the so-called "income-defense industry," which exploits "a dizzying array of tax maneuvers" so that the uber-wealthy can shield their fortunes.
"Operating largely out of public view — in tax court, through arcane legislative provisions, and in private negotiations with the Internal Revenue Service — the wealthy have used their influence to steadily whittle away at the government’s ability to tax them," write Times reporters Patricia Cohen and Noam Scheiber. "The effect has been to create a kind of private tax system, catering to only several thousand Americans."
That elite group, the Times points out, is also "providing much of the early cash for the 2016 presidential campaign," in the hopes of influencing tax policy and keeping large loopholes in place

The income-shielding maneuvers, which range from organizing one's business as a partnership to capitalizing on "a range of esoteric and customized tax deductions that go far beyond writing off a home office or dinner with a client," are largely unavailable to the average taxpayer, due to cost and complexity.

The ultra-wealthy "literally pay millions of dollars for these services," Jeffrey A. Winters, a political scientist at Northwestern University who studies economic elites, told the Times. In return, he said, they "save in the tens or hundreds of millions in taxes."
Indeed, Victor Fleischer, a law professor at the University of San Diego who studies the intersection of tax policy and inequality, told the Times: "We do have two different tax systems, one for normal wage-earners and another for those who can afford sophisticated tax advice. At the very top of the income distribution, the effective rate of tax goes down, contrary to the principles of a progressive income tax system."

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