Posted on

>FACT CHECK: Are rich taxed less than secretaries?

>FACT CHECK: Are rich taxed less than secretaries?
By STEPHEN OHLEMACHER – Associated Press | AP

WASHINGTON (AP) — President Barack Obama says he wants to make sure millionaires are taxed at higher rates than their secretaries. The data say they already are.

“Warren Buffett’s secretary shouldn’t pay a higher tax rate than Warren Buffett. There is no justification for it,” Obama said as he announced his deficit-reduction plan this week. “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.”

On average, the wealthiest people in America pay a lot more taxes than the middle class or the poor, according to private and government data. They pay at a higher rate, and as a group, they contribute a much larger share of the overall taxes collected by the federal government.

https://news.yahoo.com/fact-check-rich-taxed-less-secretaries-070642868.html

Leave a Reply

Your email address will not be published. Required fields are marked *