Few days ago, The Washington Post published an article by Warren E. Buffet, one of the world mega-rich men, titled “Stop Coddling the Super-Rich”. [i]
In his article Mr. Buffet says –and explains in details with numbers and percentages– that rich people pay fewer taxes (around 15 percent on most of their earnings) than the middle class (15-25 percent) and some ejecutive workers (33-41 percent).
He explains that around 80 percent of country revenues came from personal income taxes and payroll taxes, but that richest people pay practically nothing in payroll taxes
And he adds that now –when the leaders have asked for “shared sacrifice” and a group of Congress members are working in a plan for reducing deficit and ordering the country finance– it is time for American legislators to rise rates on taxable income in excess of $1 million, and consider to set even higher rates for those who gain more than ten millions.
Finally, he says that mega-rich people “have been coddled long enough by a billionaire-friendly Congress. It’s time for our government to get serious about shared sacrifice.”