Quote:
Originally Posted by Dragonitti
Lowered across the board means nothing when the Top rich pay LESS in tax % than the middle class still. Warren Buffet stated it so himself that his secratary paid more in taxes on a % base than he did. Come one really, you think that's a working system? It hasn't work and it doesn't work.
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This is true and false.
Buffet and other super wealthy make the vast majority of their income on long term investments/capital gains and not wages. So yes, they pay less % but only because of the investments. They pay MORE on wages.
Changing capital gain tax structures also hurt everyone, but people who live paycheck to paycheck aren't investing in the market either so you can say it's structured to help the wealthy I suppose.
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