Last year I prepared the taxes for a couple with 3 kids. Mom made about $38, Dad was an 'artist' who stayed home. Due to the earned income credit, they got everything they had paid in PLUS some extra cash. So on the summary page of their taxes, it says....

Your tax rate = -7%

Amazing.

The father commented to me...."Man, it really pays to be poor in this country." He's right.

On the flip side, if you are a rich business owner, you can deduct so many things (also losses from prior years) that your tax rate could be negative as well.

The middle class (regular folks with jobs) are the ones getting shafted because their options are limited as far as their tax exposure.

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Ben
1987 190d 2.5Turbo