Some anecdotal propaganda that the rich deserve to keep it.

Forbes, as Joe Nocera points out this morning, thinks that its list of the 400 richest US billionaires ?instills confidence that the American dream is still very much alive.?

That?s because, Forbes ...

I've been thinking about the claim that long term (>1 year) capital gains income is low because it's a "double tax".   The following note describes the nature of capital gains in the context of both corporate income tax rates (thus invoking the double tax argument claim), and earned income (which also invokes the double ...

http://www.taxjustice.net/cms/upload/pdf/Sheppard_1208_Transfer_Pricing.pdf

A July 30, 2012 report on injustice of the International Transfer Pricing mechanism which underpins the US's foreign income tax policy.  It turns out though that the International Transfer Pricing mechanism and rules a from a Treaty initially ...

Looks like the upper echelon's don't need tax reform...unless it's a flat tax type that reduces their effective tax rate, huh?

I'm referring to Romney's 2010 13% tax bill,and expected 15% for 2011.... on $6.2  million tax bill on $42.5 million in earnings for both years or an average of 14.5% in federal tax. 

... will get a reduction of 13.5% in tax rates, while the lower 80% of tax payers would all pay more in federal taxes.  Moreover, the lowest 40%  would pay an average of ~16% more.   Talk about regressive!

Source: Tax Policy Center...