The Buffett Rule

[RIJIMMY]

Originally Posted by zimmy

Bingo. Some of my take on it... so guy A goes to work, makes $50,000 busting his arse in the mill or whatever and gets hit @ 25%. Multi-millionaire ceo gets $100,000 or whatever capital gains from money sitting an account and gets taxed on that at 18% (not sure what the percentages actually are). Not sure that is a reasonable policy.

Gulp....i actually agree.

Its even bigger than that as many super-wealthy are not collecting salaries. They are buying and selling businesses, investments, etc and making cap gains which are taxed at a lower rate. AND dont forget, you can deduct losses!
Thats why we shouldnt raise tax rates across the board. It doesnt fix the problem. Fix the tax code.

[Backbeach Jake]

Flat tax. 13-18% across the board. No matter what you make. Everyone contributes. The rich not paying taxes is as distasteful as those who collect undeservedly. Those who do not contribute are parasites no matter what the level.