[Rick Lee]

Moneyguy, it's true that people with a lot of money who manage it well can probably get away with a lower effective tax rate than people who make less money. If all your income is from tax-free municipal bonds, then you're probably gonna look like you're undertaxed. But these people are a tiny minority. If they're the ones you deal with, then obviously you're seeing the financially savvy and well-off folks. But check out some of the commissioned sales folks like car salesmen, realtors, loan officers and see how they get crushed with AMT and in some places pretty hefty local taxes on incomes over $100k and those folks pay plenty.