AllUPeopleNeedToKnow Wrote:
Aug 22, 2012 7:51 AM
The richest 400 taxpayers are taxed at a lower rate than a $29,000-a-year worker "when you include Social Security and Medicare taxes, the effective tax rate for the wealthiest 400 Americans would have been 16.72 percent in 2007; the tax rate for a worker earning $29,000 a year would have been 16.79 percent." http://www.politifact.com/rhode-island/statements/2011/feb/25/sheldon-whitehouse/whitehouse-says-richest-400-taxpayers-taxed-lower-/