The rich are not like you and me

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Between their multiple businesses, homes, charitable initiatives and executive income, the McCourts’ finances seem outrageously complicated. I mean, it must me murder to do their taxes.  Oh wait . . .

The McCourts, who own the Los Angeles Dodgers (so she says; he says
he’s the owner and she’s not), jointly pocketed income totaling $108
million from 2004 through 2009, according to documents Jamie McCourt
recently filed in the couple’s divorce case in Los Angeles County
Superior Court.

On that sum, they paid zero federal and state income tax. Jamie suggests that some tax breaks will apply this year too.

The reasons why this is so are set forth in the article, but they can be summed up as “that tax code that the rich people are always complaining about actually treats rich people really, really well.”