Quote Originally Posted by Inconel710 View Post
I think he would. He's commented on the flat tax and the fair tax before and either one would be preferrable to the mess we have now.



You have to understand what Warren Buffet said - his tax rate is/was lower than his secretary's. He still paid something like $17,000,000 in taxes that year.

As to Warren Buffet paying lower taxes.... well that is because we tax the middle class more than the rich. Rich people don't work a job and get paid wages. They invest.... I think it is not right to tax a mans hard labor more than investment income. It should be the opposite. I think its immoral to tax a Dr more than a hedgefund manager.

People don't realize if you make 1 million as wages you pay full taxes on that. Which amounts to around 40% of earnings.

If you sit on your ass or live of daddies trust fund and your earn 1 million that year, you pay a max rate of 15%.

Its wrong and that is how we need to raise taxes.