Declared income, after socking a lot of it away in other means. Problem with this formulation is it does not include income that is undeclared, only what is declared. A $5,000,000 taxable may actually gross $30,000,000 but through various means not generally available to middle and lower classes, can minimize their taxable income and pay on that.

Declared income, after socking a lot of it away in other means.

Problem with this formulation is it does not include income that is undeclared, only what is declared.

A $5,000,000 taxable may actually gross $30,000,000 but through various means not generally available to middle and lower classes, can minimize their taxable income and pay on that.

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