Statistics Show Most Millionaires Pay More Than Their Fair Share Of Taxes

September 23, 2011 by Personal Liberty News Desk


President Barack Obama has made much of millionaires paying a “fair share” of their income into taxes, but Internal Revenue Service data show that these individuals already pay taxes at a high rate.

The Obama Administration has presented the “Buffet Rule,” which is part of the President’s deficit-reduction program that seeks to tax millionaires at a higher rate than the middle class. Statistics show that these people are already paying high tax rates, according to Fox News.
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