Ahh, silly you, you forgot the loopholes...the problem with your theory here is that the wealthier you are the better you are at
hiding deferring income. You are a fool if you really think the wealthy pay a higher relative tax rate. This is where life insurance policies and all the other BS loopholes come into play.
After a year of reporting on the tax machinations of the ultrawealthy, ProPublica spotlights the top tax-avoidance techniques that provide massive benefits to billionaires.
www.propublica.org