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Old 7th Apr 2016, 13:56
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Global_Global
 
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? No, the large group of about the lower half of the citizens does contribute less then 10 percent to total tax income and the top 10 percent pay well above half of all taxes.
Those are too different things: it is about the rate they pay:

The Buffett rule
The so-called Buffett rule refers to billionaire investor Warren Buffett. In 2011, he famously pronounced that he paid only 17.4 percent of his taxable income in federal income taxes, a lower percentage than any of his 20 employees. He proposed that federal tax rates be raised for taxpayers making more than $1 million.
This is what will make the rich richer and the poor poorer... The PERCENTAGE that they can keep from their income after tax is different and hence there will always be a faster asset growth on the top end regardless of the AMOUNT they pay.
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