>>The trouble with that is the upper echelon don't pay the same percentage as the middle class. They pay a lower percentage, and in some cases almost nothing because of the business loopholes. The take a minimal salary, have the company take care of everything else and there you go. A flat tax that said 10 percent would fix that.
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>I'm not sure that's true. New tax rules and the AMT have closed a lot of loopholes.
I think the issue now is that the merely rich (say, incomes $200K-$5M, pulling those numbers out of thin air) do pay significant taxes, but the super-rich do not.
Tamar
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