Do you mean that Warren "tax me harder" Buffet's much-publicized income tax of slightly less than $2M per year is not much relatively to his net worth of tens of billions, about half of which is taxpayers' money from bailouts? I guess you have a point. Still, I can't believe he completely evades the capital gains tax.
Anyway, I never looked very deeply into it, but I'm pretty sure that single-digit millionaires pay plenty of taxes, and I find it fair to call them "rich." I do agree that taxing income much more heavily than capital gains, property, etc. doesn't sound like a great idea.
Anyway, I never looked very deeply into it, but I'm pretty sure that single-digit millionaires pay plenty of taxes, and I find it fair to call them "rich." I do agree that taxing income much more heavily than capital gains, property, etc. doesn't sound like a great idea.