lordmandeep on 13 December 2011
True also no one making a 70,000 to 100K plus is actually paying 50% of their income in taxes.
In Canada, you can put away 22k+ in a tax deferred Retirement savings plan. Then also put 5K of after tax income and earn as much as you want on it with no taxes. There are a lot more other things for example taking capital losses from bad years (like 2008 and 2009) and using them to lower your capital gains.
I am sure the US has many more things.
