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Let's just eliminate the existing tax code and implement the FairTax. Lot's of people (including the media) criticize the FairTax, but it becomes quite evident the critics have little idea of the FairTax details and depend upon the general public's ignorance of the details as well to pursue their own personal agendas. ...more
Warren Buffet never said he and others did not pay their fair share of taxes; however, he did say he pay's a much lower tax rate than one of his employees as a percentage of income.
He left out the reason WHY, which is the fact that he pays taxes at a capital gains rate of 15% whereas his employee pays at a higher ...more
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