Quote:
Originally Posted by davidmash
I am not convinced that they are paying more. So far from the ones I have heard who have stated their tax rate (Romney and Buffet) I have paid more then both of them. They may be be paying more in raw amounts but I am paying more as a percentage. I do not like my taxes going towards helping companies make more money in the form of subsidies, tax breaks and the like. I do not like the idea that GE pays no taxes and I pay .. well you get the point.
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Well stated but my point concerning those two is seeing that Buffet is retired(more or less) and not drawing an income(Romney) too for that matter, the tax rates placed on those folks( which would include ANYONE drawing money from a 401k) is less because it's a capital gain/return on investment.
IMHO until there is a flat tax,with the removal of all deductions the uber wealthy will always pay less as a percentage then us working slobs.
They say money can't buy happiness but it's a he'll of a lot more comfortable to cry in a mansion than a cardboard box!