Or, as the GOP loves it, Work = Bad, Wealth = Good.
In America, if you are a hedge fund manager making $100,000,000 then you pay a 15% tax rate, since your "income" is labeled as "carried interest", and categorized as capital gains.
In America, if you are a working single person making $50,000 you pay 25% marginal tax rate. Plus 6.5% in FICA tax, plus 1.5% in Medicare Tax. Plus whatever your state income tax rate happens to be (in Colorado where I live its around 4.5%). For, roughly, a grand total of 37.5% of your income going to taxes.
Hedge Fund managers do not pay social security or Medicare taxes on their income. Working people do.
So to summarize:
Make $100,000,000, pay 15%.
Make $50,000, pay 37.5%.
That's fairness in Republican America, in the America built by Reagan and Bush.
Yet millions of "been hads"--the working class folks who support Republicans--continue to oppose tax reform.
Way to be stupid!