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View Diary: Ways & Means chief David Camp wants to return to 1931 tax rate (110 comments)

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  •  currently 20% is about what the rich pay (1+ / 0-)
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    dirtfarmer

    Wealthy people, with their mix of earned and unearned income and their various trusts and tax shelters typically don't pay over 20% of their total income in taxes. If they do then they should hire better accountants and tax advisors.

    Warren Buffet said he pays 17% of his income in taxes and he thought that wasn't really fair since his secretary pays 27%.  If they actually payed 25% that would be an increase but I'm sure that isn't what they are actually suggesting.

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