D Peter Maus wrote:
Dave wrote:
D Peter Maus wrote:
Dave wrote:



As a result of these regressive changes the average middle class
worker now pays a higher percentage of their income in taxes than
does the average millionaire, and the average billionaire pays an
even smaller percentage.



The tax system is unfair. But remember that about 30% of the
population pays zero tax at all.

The only people who pay no taxes are wealthy people with really good
accountants.


Guess again.

Poor people pay sales tax.

"Lloyd Blankfein, the chief executive of Goldman Sachs, acknowledged in
an interview yesterday that there were justified concerns about the huge
profits generated by private equity firms and that he worried that
income inequality was “poisoning democracy”. He also said that he would
be voting for the Democrat candidate at the next election. Mr Blankfein
is the highest-paid executive on Wall Street, earning $54 million last year.

Mr Buffett, who runs the investment group Berkshire Hathaway and is
widely regarded as the world’s most successful investor, said that he
was a Democrat because Republicans are more likely to think: “I’m making
$80 million a year – God must have intended me to have a lower tax rate.” "

http://business.timesonline.co.uk/to...cle1996735.ece