Posted by Marc_FL on February 09, 2012 at 07:45:25 from (174.131.120.77):
In Reply to: Re: Up date on taxes posted by oldtanker on February 09, 2012 at 07:15:50:
I think everybody agrees that the most affluent pay more in tax on an aggregated dollar basis.
However the issue is percentage tax to income received.
For example Warren Buffet paid at a tax rate of 15%, published if I recall at $6MM. One gentleman said he made $50K and yet he's paying as a percent to income a higher percentage than Warren Buffet. That's the issue.
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