Thread: taxation
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Old 09-22-2011, 07:46 AM   #11
Spexxvet
Makes some feel uncomfortable
 
Join Date: Dec 2005
Posts: 10,346
Quote:
Originally Posted by Obama
Middle-class families shouldn’t pay higher taxes than millionaires and billionaires. That’s pretty straightforward. It’s hard to argue against that. Warren Buffett’s secretary shouldn’t pay a higher tax rate than Warren Buffett. There is no justification for it. It is wrong that in the United States of America, a teacher or a nurse or a construction worker who earns $50,000 should pay higher tax rates than somebody pulling in $50 million. They should have to defend that unfairness -- explain why somebody who's making $50 million a year in the financial markets should be paying 15 percent on their taxes, when a teacher making $50,000 a year is paying a higher rate.
He doesn't say they pay more taxes, he says "they shouldn't" pay more taxes. It's not the same thing, but I can see how it was misinterpreted. Every other reference is about rate/percentage, which is correct and is what this issue is all about.

Can we move on?
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