Report Monday morning is going to be interesting. in Current Events Posted August 8, 2011 I've long wondered what a "fair share" was and how it was "fair" that nearly half of Americans pay NO taxes, or even worse, have a NEGATIVE effective tax rate....it's funny how it's often these very same people who say that the rich don't pay enough. Disclaimer- i'm talking about personal income taxes here- not corp taxes.Also, in case you haven't seen it- "Eat the rich" Frankly I think tax loopholes are more of a problem than tax breaks for the poor. My former manager drives an Escalade and is by no means poor. He was bragging to me that his effective tax rate was only 4% because he basically uses his LLC (which has yet to make any money) as a tax shelter. I'm not sure of the exact the details, but I think he was writing off his time spend on projects as a business expense billed at his contracting rate leaving the LLC taking huge losses that transfer on to his personal taxes.I don't particularly care that people who barely can scrape out a living aren't being taxed much if at all, but it does irk me when I see people making far more than me, paying far less total taxes (not just percent of income). Perhaps that's just me though.