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You say "if they pay the same percentage." But they don't pay the same percentage. Warren Buffet famously pointed out that he pays a lower percentage than h
by mrgoldenbrown 11y ago
You say "if they pay the same percentage." But they don't pay the same percentage. Warren Buffet famously pointed out that he pays a lower percentage than his secretary. Rich people make most of their money via strategies (like capital gains) that avoid the normal income tax.
- rayvd 11y agoWarren gave a self-serving answer that obscured the true tax he and others like him really pay -- including corporate tax, cap gains, etc. The % of the money the govt diverts from his true income is significantly higher than his secretary (or most of us). It's over-simplistic to just look at the income tax rate in our ridiculously complex system.
- headstorm 11y agoThe richest get vastly more benefit from government policies and structures than most of us, so why shouldn't they pay more?