Bar Stool Economics

[getonfish]

Originally Posted by scott craft

Does anyone know what the tax rate is on those in the top 2%? I understand these guys pay more taxes, but is that because they are taxed at a higher rate or simply because of the amount they are taxed on? I suspect it is because they make more and not because of their tax rate, but I haven't researched it.

Warren Buffet publicly said he pays a lower tax rate than his assistant who makes around 50,000 a year. It is well documented that the super rich pay next to nothing in taxes compared to the middle class. Yes they pay much more in regards to monetary amounts but the breaks they receive are ridiculous. They should pay the same rates we pay. Our national debt would be much better off and they would still be ridiculously rich.