Income Tax Solution

Paying too much to Uncle Sam?

A 50% tax on lottery winnings is in no way a deterrent to those who play. The fact that one might win $20 million but only collect $10 million seems acceptable. Maybe it's true that lotteries are no more than a tax on the stupid.

Nonetheless, the following truth holds:

If you don't want to pay $1 million in income tax next year don't make $2 million (which is actually an exaggeration, you'd have to earn much more or have a lousy accountant to pay that much). If you want to pay less of a percentage of your wage to Uncle Sam, earn less. If you only want to pay $10k in income tax, keep those earnings down around $50k. That's what most people do ... on purpose ...

Stupid rich people, they're being scammed!