Leah411 said:Actually, that's not true in all cases.
I saw a wonderful investigative piece done locally. They profiled/investigated a number of individuals at varying income levels. Due to tax breaks of various sorts...some of the millionaires were paying LESS in taxes per year than people making $30,000-40,000 a year.
I know, that's why I said that there are some exceptions, your example being one of them. But those that I know who are quite wealthy actually not only pay those amounts in taxes but also donate that much money if not more to charities as well. And there is only a certain amount you can deduct from your taxes as a charitable donation, so it can't be said that they only donate for the tax write offs, since they rarely amount to much ($500 at most.) So it's not like ALL people who are "wealthy" are just sitting on piles of money accepting tax breaks, which is why I would hesitate to attribute LV's raising it's prices to this issue alone.