Nick Hanauer - Job Creator Myth

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Originally Posted by NC_Skins

False.

What their code is showing they SHOULD pay, and what they did pay is two different things. Stop going by the tax code, it's not right.

Warren Buffet has already been on record as showing he had a lower tax rate than his secretary. The top 1% are hiding their assets and money in off-shore accounts to avoid taxation.

Romney has even stated he is paying 14% tax rate.

Stop with your misinformation about how the 1% is paying a 24% tax rate. Until they close all the tax loopholes, your statement is invalid and most definitely false.

I guess you need to eat those words. A 2 min. serch would show that I'm correct. Their tax rate satrt at 33% if I'm correct.

Washington, DC, October 24, 2011--The income earned by the top 1% of Americans has declined for the second year in a row while their average tax rate has increased, according to a new Tax Foundation study. The average federal tax rate for those reporting at least $343,927 in income has increased from 22.5% in 2007 to 24.0% in 2009, while the average income for the top 1% has declined from $1.4 million to $1 million over the same period.