No, the wealthy are not taxed less, they pay the bulk of all taxes. Better precision would have been to say lower tax rates.
Buffet’s memo shows that federal revenue goes up as you lower tax rates, which still says the wealthy pay more tax than us little people do.
“Buffet’s memo shows that federal revenue goes up as you lower tax rates, which still says the wealthy pay more tax than us little people do.”
Funny, I seem to recall Buffet saying more money in the hands of private investers won’t grow the economy. And it wasn’t just that they’d have little effect or a negligible effect. He literally said they’d have no effect. Which goes to show you how stupid Buffet thinks we are.