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Wealthy Americans paying fair share?
The Gazette Opinion Staff
Mar. 4, 2010 11:52 pm
Famed hotel magnate Leona Helmsley once said: “We (the rich) don't pay taxes. Only the little people pay taxes.”
Sadly, that's true. An article in the Feb. 25 Los Angeles Times offered further proof. Frank and Jamie McCourt, who own the Los Angeles Dodgers, pocketed income totaling $108 million from 2004 through 2009 and paid zero federal and state income tax. How their accountants managed to do that was perfectly legal.
This reminds me of the old line about how true scandal lies not in what is illegal, but what's legal.
Some day, the average American will wake up to the fact that their taxes would be a lot lower if the wealthiest paid some.
Blair Kinman
Coralville
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