Taxes are for the little people


From an article in the NY Review of Books:

“ . . . the 94 percent marginal tax rate [Reagan] was theoretically subject to on income above $200,000, though in reality Reagan, like other actors, was able to pay a 25 percent capital gains rate by receiving his earnings form “temporary corporations” set up for each movie.”

Raise your hands if you only paid capital gains taxes on your paycheck.

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