How the super rich get away with paying very little to no income tax

PJ:  What is interesting is how newly minted VP candidate Paul Ryan is proposing a total elimination of capital gains and investment income taxes.   

The International Herald Tribune

Common Sense

In Superrich, Clues to What Might Be in Romney’s Returns

By JAMES B. STEWART

It so happens that this summer the Internal Revenue Service released data from the 400 individual income tax returns reporting the highest adjusted gross income. This elite ultrarich group earned on average $202 million in 2009, the latest year available. And buried in the data is the startling disclosure that six of the 400 paid no federal income tax.

Read it at The IHT:
http://www.nytimes.com/2012/08/11/business/in-the-superrich-clues-to-romneys-tax-returns-common-sense.html?_r=2