Originally Posted by Amnorix
Well, no, not really. A guy with, say, $75K in annual income has alot less to shelter than Mr. $7.5 million of income wants to shelter, right?
And Mr. $75K can't possibly afford attorneys from Milbank, TWeed, etc. And if a tax avoidance strategy becomes so mass marketed that every fool is using it, then they'll have to change the tax code to deal with it.
Can you give me an example of a tax shelter that would make sense for Mr. $75K that he can't get into just because he can't afford a lawyer?