Dems: highest 2% of earners,who already pay 50% of all incm taxes, must pay even more

[Dr.Who]

Re: Dems: highest 2% of earners,who already pay 50% of all incm taxes, must pay even

Warren Buffet is quite clear. There is no reasonable reason why his secretary's tax burden should be greater than his.

lets lower the secretaries burden.

 

[Dr.Who]

Re: Dems: highest 2% of earners,who already pay 50% of all incm taxes, must pay even

Basically, if someone makes $50,000 a year, whether it is from work or from investment or from an inherited annuity, he/she should pay the "flat tax" (let's say 10% or 20%) on that $50,000.

If someone makes $5 millions a year, whether it is from work or from investment, or from an inherited annuity, he/she should pay the same "flat tax" on that $5 millions.

I agree. And would point out that what you described is not a progressive tax.