Does a secretary pay higher taxes than a millionaire?

Not all millionaires are equal. There are millionaires who earn their income like most of us -- in salaries. And then there are the millionaires Warren Buffett wrote about in his famous op-ed column for the New York Times asking the federal government to "Stop Coddling the Super-Rich." They earn their living as hedge fund managers or through investments and enjoy a lower tax rate. President Barack Obama blurred the distinction in his recent speech on the ... Full Story »

Posted by Fabrice Florin - via PolitiFact
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Posted by: Posted by Fabrice Florin - Sep 21, 2011 - 11:35 AM PDT
Content Type: Article
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Edited by: Fabrice Florin - Sep 21, 2011 - 5:58 PM PDT

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Fabrice Florin
4.0
by Fabrice Florin - Sep. 21, 2011
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Patricia L'Herrou
4.0
by Patricia L'Herrou - Sep. 22, 2011

while this article determines that for the most part, taxes come from the richest americans, it also offers enough explanation to show how complicated federal taxes are and how difficult and misleading it is to make generalizations. the facts showing how half of americans don't pay taxes at all, contribute to the complications, and, more importantly, indicate how many people make very little, a more vital statistic than how much difference in what's actually paid.

this does not discuss corporate taxes, which is perhaps the biggest factor in short-changing gov't's revenue.

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