Great analysis by the Cato Institute on what are the actual tax rates payed by each income category. As is usually the case the facts do not hold any passing resemblance to the political talking points and assumed truths of the left. What I find most discouraging about this debate of taxes is that this country has lost the will to face facts and make informed decisions. We are rapidly becoming a nation where emotion plays a larger role in policy than fact. Sad and a true sign of cultural decline.
Warren Buffett’s Tax Story Is Bogus