Re: Warren Buffet\'s Stance on Taxes
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Well, I can't just take your word on this. What are the relative sizes of total income tax revenue versus the other items?
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If you are rich, income taxes easily represent the vast majority of taxes, with the possible exception of state taxes in a high tax state like NY or CA. If you are poor, income taxes can be a tiny fraction of overall taxes. For example, a family of four with two young kids and total income of 30,000 could pay literally nothing in income taxes, yet pay substantial amounts of sales tax & payroll taxes.
Not even my point though. It was that info on people like Gates & Buffett is EXTREMELY tough to come by, in large part because they won't be in any data that comes from sampling. The IRS data, in aggregate form, is one of the few pieces of public data that includes them.
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