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re: Surprise! The IRS Lied About Who Those 80,000 New Agents Would Target
Posted on 4/12/24 at 11:30 am to Old Character
Posted on 4/12/24 at 11:30 am to Old Character
quote:
Much more lucrative to go after the upper middle class.
The $200k to probably $1m bucket of earners are probably the most abused in this country. Completely and utterly destroyed on an annual basis.
They don't REALLY make enough wealth for generational wealth unless they live like the middle class. But typically incredibly hard workers, Business owners, achievers who do it on their own (this is never inherited). Possibly two incomes in play. They don't really make enough to make use of tax shelters....
Yet they get the 36% tax hit.
You make $500k and see $170k go out the door. That's a big deal.
This post was edited on 4/12/24 at 11:31 am
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