This whole thing confuses me. I realize people wish very dearly to believe strange things, since only ordinary people are tied down by the mundane truth. But does anyone really, deep down, in their heart of hearts, believe Buffet pays less in taxes (the taxes he actually pays, that is) than his secretary? Or, if he did, that his secretary was scandalously overpaid? Is anyone buying this, including Obama? Or is it all a big joke at my expense?
The joke is they are comparing capital gains to income tax.
Why not just compare it to sales tax and make it better!
Buffet’s secretary pays 25% in income tax and he pays less than 10% in sales tax! O NOES
It’s simple, reduce Capital gains taxes by 10% and identify ever single loophole that Buffet and Immelt use to pay NO taxes and eliminate them.
That should generate at least half a trillion.