Word: bloch
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Yeah, I'd feel the "U.S. [tax] system is fair and equitable" too if I were Henry and Richard Bloch with their $81 million [March 12]. When better than half of all taxpayers seek out professional tax preparers to guide them through the mind-stunning incomprehensibility and convoluted jargon, one understands why our present tax code is referred to as the "C.P.A.s' and Tax Preparers' Relief...
...Henry Bloch, 56, president, H & R Block of Kansas City. He invests in tax-free municipal bonds, as befits a tax expert in the lofty 70% bracket. Bloch points out that munis are safe, and enormously liquid, and they can be bought in denominations...
Works of Beethoven, Mozart, and Vivaldi--Burgundian Ensemble of New York; Boris Bloch, 1978 first prize winner in the Busoni competition, piano; Douglas Montgomery, piano; paine Hall...
...People are mad because they don't understand the system," Bloch believes. "The old and the poor do not understand why they should pay anything to anyone. Retired people complain about paying taxes on interest income. Middle-income people feel that they are grossly overtaxed because Government programs are aimed at aiding lower-income people...
Nobody seems to have any idea how much taxes he pays in a year, Bloch finds. All each person knows is what is withheld from every paycheck. The loudest complaint is that the IRS tables did not provide for enough withholding in 1978, so many taxpayers still owe the Government money, and that hurts. Some people simply do not file returns and hope that the IRS does not catch them...