lug here's what I believe are the 2011 tax brackets.
Are you asking to overhaul the tax code? Or do you really not know what you're upset about?
Look i get that the code says they pay that percentage, but we all know their very well connected and tax savy millionaire lawyers and accountants help "adjust" that number a lot.
In fact my info came from this articlehttp://www.forbes.com/sites/robertlenzn ... -tax-rate/http://www.cbpp.org/cms/index.cfm?fa=view&id=3090
But there are many written about the facts from other sources if you dont like Forbes the CBPP.
Buffets words, not mine.
"Last year my federal tax bill — the income tax I paid, as well as payroll taxes paid by me and on my behalf — was $6,938,744. That sounds like a lot of money. But what I paid was only 17.4 percent of my taxable income — and that’s actually a lower percentage than was paid by any of the other 20 people in our office. Their tax burdens ranged from 33 percent to 41 percent and averaged 36 percent."
"The effective federal income tax rate for the 400 taxpayers with the very highest incomes has declined by nearly half over the past two decades, even as their pre-tax incomes have grown five times larger, new IRS data show.
The top 400 households paid 16.6 percent of their income in federal individual income taxes in 2007, down from 30 percent in 1995. This decline works out to a tax cut of $46 million per filer in 2007, or a total of $18 billion in tax cuts for these households per year."
"The top 400 taxpayers — 3 out of every 1 million filers — enjoyed even larger gains in pre-tax incomes. Between 1992 and 2007, their average adjusted gross income increased by over 400 percent, after adjusting for inflation: from $68 million to $345 million (in 2007 dollars). Their incomes grew rapidly between 1995 and 2000, dropped during the 2001 recession, then rose rapidly again from 2002 to 2007."
They didn't go to job creation or to the working class. It went in their pockets. The only jobs they created were those that gained them more wealth. IMO