|
Loopholes generally work for the super wealthy. I remember an oil businessman from somewhere (Saudi Arabia i think) who had to pay a large amount of taxes here for business ($ in the millions) but got it cut down to a few thousand by hiring two accountants who he each gave a Mercedes.
And as to people actually being in the right categories - no one ever really says they are in the right category. There are those in the top 10% who say they are "just middle class" as there are those right in the middle who say they are "upper class" or "lower class."
What is true, however, is the slowly shrinking middle class, long the staple of the last half of the 20th century.
|