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SP500 companies don't pay anything while Joe in montana whom gets by with his family on 40K a year pay 35% or whatever the bracket is.

law is the law and they are not breaking it but its time the IRS crackdown on this practice.

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40K pays an effective rate of 11%, in case you were wondering.

Does that vary by e.g. family size?

Somewhat. Dependency deduction is relatively small.

11% effective federal, some state taxes, some property taxes, some sales taxes, etc... I'm not saying it is by any means 35% but just quoting 11% is not entirely true.

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