An article in Thursday's online Washington Post explains Warren Buffet's claim that he pays less taxes than his secretary.
Mr. Buffet is referring to the discrepancy between the 15 percent marginal rate on capital gains, of whatever amount, and the marginal rate on earned income, which rises from 15-25 percent at $34,500 (for an individual.) The article also points out that capital gains, of whatever amount, are not subject to payroll taxes such as Medicare and Social Security.
If this nation is to survive, the burden of paying for government needs to be equally apportioned on every dollar of income, whatever its source. That is not "class warfare," it's simple fairness. We are all in this together - let's work together to fix the broken system.
Tax every dollar of income at the same rate. And subject every dollar of income to Medicare and Social Security taxes. That's not abusing the rich, it's simple justice.