Buffet Lies

When he collects a wage or salary, he pays exactly the same percentage in taxes as does his secretary. It is when he gets a profit in a CAPITAL GAIN that he only pays 15%, as do ALL people who do so, INCLUDING his secretary if she, say, sells her house. "On average, the wealthiest people in America pay a lot more taxes than the middle class or the poor, according to private and government data. They pay at a higher rate, and as a group, they contribute a much larger share of the overall taxes collected by the federal government." And that’s backed up by the IRS’s own figures, that say 86% of ALL income taxes paid are paid by the top 25% of taxpayers, while over 50% of able-bodied people pay NO taxes at all, but receive welfare, instead. (Yahoo News)