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Response to JDPriestly (Reply #21)

Sat Aug 4, 2012, 01:22 AM

57. IMO we need to hit Rmoney on how much of his income is exempt from taxes.

Based on his 2010 return he had about $4,650,000 that he did not pay taxes on. It looks like there is about $6 million of his income for 2011 that was not taxed. All of that income except for the two exemptions and between 100k and 350k were deductions that he itemized.

And every time they bring up the ones that don't pay taxes this needs to have more light. On average those with 200k of taxable income have about $64k of itemized deductions. Those itemized deductions is more income than most people.

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