Forbes: The Best Tax Breaks Go To the Rich

The Forbes Magazine published an article by Janet Novack titled "The Best Tax Breaks Go To The Rich."  The article analyzes the implications of various taxes on the wealthiest individuals.  Because the top 400 earners derive the majority of their income from capital gains, their effective tax bracket is lower than those with adjusted gross income of $1 million to $5 million.  At the present time, the Congress is deciding what to do about an estate that comes back on January 1, 2011 and the Bush tax cuts that set to expire at the end of 2010.  The states are also raising taxes on the rich by imposing surtax on gains and new income tax only on high-income individuals.