This young man (has two kids) owns a small contracting company and pays out roughly 50% of his income in state, federal and self employment taxes. On the other hand, the young gentleman who owns this yacht (may have to skip to next picture) does not have to work, pays a total of 15% in taxes because his income is derived from one billion dollars his grandfather place in a trust for him when he was 11years old. Is that fair? The rules in Washington are made by the rich to benefit the rich. I think they should either lower your taxes to 15% or raise those of the yacht owners to 50%.
Posted on: Wed, 30 Jul 2014 15:58:00 +0000