re: #214 WindUpBird
Because if you make millions a year and theres a high top rate:
1) you do nothing and the government takes some of it
or
2) you reduce your income by investing some of it
either way, you can end up with the same amount net
this is so blindingly obvious I wonder if you people do anything except listen to Limbaugh
Currently, you can’t reduce your income by investing it. You can only reduce your taxable income through valid deductions. Mortgage interest and health care costs, for instance. There is no deduction for investment - unless you lose money on an investment, then you are allowed $3,000 deduction/year.