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that's what audits are for.

And I know you guys know that the accounts and deferred management fees are not uncommon...........it's not like he is a genious who was the 1st to figure out how to navigate through IRS loopholes.....he is merely following a whole host of others before him who have done and continue to do the same things.

And I have more confidence voting for someone who knows something about this than someone that hasnt a clue (Obama).

Great points Matt

The right wingers never grasp that and instead just use the arguement, that the fatcats pay a lot of money.  They always leave out the fact that the fatcats also make alot of money.

While the rest of us arent making millions, yet pay a higher percentage then millionaires and billionaires.  Something is seriously wrong

Suppose that every day, ten men go out for beer and the bill for all ten comes to $100. If they paid their bill the way we pay our taxes, it would go something like this:

• The first four men (the poorest) would pay nothing.
• The fifth would pay $1.
• The sixth would pay $3.
• The seventh would pay $7.
• The eighth would pay $12.
• The ninth would pay $18.
• The tenth man (the richest) would pay $59.

So, that's what they decided to do. The ten men drank in the bar every day and seemed quite happy with the arrangement, until one day, the owner threw them a curve. "Since you are all such good customers", he said, "I'm going to reduce the cost of your daily beer by $20". Drinks for the ten now cost just $80.

The group still wanted to pay their bill the way we pay our taxes so the first four men were unaffected. They would still drink for free. But what about the other six men - the paying customers? How could they divide the $20 windfall so that everyone would get his "fair share?"

They realized that $20 divided by six is $3.33. But if they subtracted that from everybody's share, then the fifth man and the sixth man would each end up being paid to drink his beer. So, the bar owner suggested that it would be fair to reduce each man's bill by roughly the same amount, and he proceeded to work out the amounts each should pay.

And so:

• The fifth man, like the first four, now paid nothing (100% savings).
• The sixth now paid $2 instead of $3 (33%savings).
• The seventh now pay $5 instead of $7 (28%savings).
• The eighth now paid $9 instead of $12 (25% savings).
• The ninth now paid $14 instead of $18 (22% savings).
• The tenth now paid $49 instead of $59 (16% savings).

Each of the six was better off than before. And the first four continued to drink for free. But once outside the restaurant, the men began to compare their savings. "I only got a dollar out of the $20," declared the sixth man. He pointed to the tenth man, "but he got $10!" "Yeah, that's right," exclaimed the fifth man. "I only saved a dollar, too. It's unfair that he got ten times more than I!" "That's true!!" shouted the seventh man. "Why should he get $10 back when I got only two? The wealthy get all the breaks!" "Wait a minute," yelled the first four men in unison. "We didn't get anything at all. The system exploits the poor!" The nine men surrounded the tenth and beat him up.

The next night the tenth man didn't show up for drinks, so the nine sat down and had beers without him. But when it came time to pay the bill, they discovered something important. They didn't have enough money between all of them for even half of the bill!

And that, boys and girls, journalists and college professors, is how our tax system works. The people who pay the highest taxes get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up anymore. In fact, they might start drinking overseas where the atmosphere is somewhat friendlier.

David R. Kamerschen, Ph.D.

Professor of Economics, University of Georgia

Matt define fair share please.

I think giving the feds $2M is a fair share regardless of how much money you made..thats my opinion regardless if you are running for prez .

No Lords 2 million isnt a lot if the guy makes a lot.

You have to use some type of percentage system or once again the system will just benefit the rich, if the amount of taxes they pays just tops out at a certain number.

Use your 2 million dollars as an example, if the guy makes a 100 million and tops out at 2 million in taxes {because you feel thats a lot of money to pay} then he will be basically paying 2 percent in taxes, while the middle class guy will always be paying over 20 percent in taxes.

sure the rich guy pays more then the middle class guy, but the middle class guy will actually be paying more in taxes realitive to his income.

Sorry but your type of system wont work in our society.

Once again a right winger trying to off the fatcats

It should be one flat tax with no fancy loopholes

Tax code was written for the rich fatcats, not the little.  The little guy doesnt have a million loopholes to use, like the fatcats do.

Its incredible why anybody sticks up for these people on a daily basis.  screw them