Bullshit.
Poverty level in the US is $14,580. Standard deduction for an individual is $13,850. The absolute most in federal taxes an individual "worker in poverty" is paying is 5% And that's not counting EITC or any other credit that they're handed.
The reason billionaires "pay less in taxes" is because it's unrealized gains. The moment they try to actually spend any of it, they're getting taxed. That's why whenever you see these claims it's backed by something like "we looked at a 3 year period" or "we looked at 23 billionaires." Always something with a suspiciously framed dataset so that they can omit someone's whopping tax payment and then lose the mid-sized payments in the averaging.
flat tax, no deductions
I find this acceptable, but you're going to see lots of screaming and crying from the people who benefit most under the "progressive" tax system we have now - the 40% of people who pay no income tax. That was about the only thing that retard Romney got right.
Bullshit.
Poverty level in the US is $14,580. Standard deduction for an individual is $13,850. The absolute most in federal taxes an individual "worker in poverty" is paying is 5% And that's not counting EITC or any other credit that they're handed.
The reason billionaires "pay less in taxes" is because it's unrealized gains. The moment they try to actually spend any of it, they're getting taxed.
flat tax, no deductions
I find this acceptable, but you're going to see lots of screaming and crying from the people who benefit most under the "progressive" tax system we have now - the 40% of people who pay no income tax. That was about the only thing that retard Romney got right.
Bullshit.
Poverty level in the US is $14,580. Standard deduction for an individual is $13,850. The absolute most in federal taxes an individual "worker in poverty" is paying is 5% And that's not counting EITC or any other credit that they're handed.
The reason billionaires "pay less in taxes" is because it's unrealized gains. The moment they try to actually spend any of it, they're getting taxed.
flat tax, no deductions
I find this acceptable, but you're going to see lots of screaming and crying from the people who benefit most under the "progressive" tax system we have now - the 40% of people who pay no income tax.