Buffett also said his federal income tax bill came to $6,923,494, or 17.4% of his taxable income -- two points he revealed in a New York Times op-ed in August urging Congress to tax the wealthy more. ... [But t]he current tax system already satisfies the Buffett Rule. Americans on average pay 16% of their total income in federal income and payroll taxes, while millionaires pay an average of 20.1%, according to the Tax Policy Center.
The Tax Policy Center is a generally more liberal think tank than The Tax Foundation.
The president's statement in last night's State of the Union deliberately suggests Buffett's secretary paid more in taxes than Buffett did when you know that that is completely disingenuous as well as inconceivable:
Now, you can call this class warfare all you want. But asking a billionaire to pay at least as much as his secretary in taxes? Most Americans would call that common sense.
Common nonsense.
