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Warren Buffett and his secretary would like a word with you. My income has FICA and Medicare taken out of about 90% of the total, those taxes are capped. If I
by jbooth 15y ago
Warren Buffett and his secretary would like a word with you.
My income has FICA and Medicare taken out of about 90% of the total, those taxes are capped. If I made more, I'd be paying less as a % of income for entitlements. My income is taxed at the personal income rate as opposed to the silly-low capital gains rate.
Our tax code taxes the poor almost nothing, and the rich at a smaller % of their incomes than the middle class. So the middle class is paying a huge % of the tax burden, relative to their incomes. Then someone goes "Hey, look, the poor pay almost nothing!" and people get mad about the injustice.
- clarky07 15y agoThe facts would like a word with you - http://www.heritage.org/federalbudget/top10-percent-income-earners http://www.heritage.org/federalbudget/top10-percent-income-e... The rich do not get taxed at a smaller % of their incomes than the middle class. Tell your good friend Mr. Buffett he is welcome to send a big check to the treasury. They will accept it.