RICH SEE TAXES PAID FALL DRAMATICALLY

"Schoenberg, who now teaches a business class at Columbia University, said his income is usually "north of half a million a year." But 2009 was a bad year for investments, so his income dropped to a little over $200,000. His federal income tax bill was a little more than $2,000.







"I simply point out to people, `Do you think this is reasonable, that somebody in my circumstances should only be paying 1 percent of their income in tax?'" Schoenberg said."

Over the weekend, a friend suggested we fix SS by removing level of pay where you stop getting taxed......

D