"Fair Share"

Pres. Obama and Warren Buffet are misleading the country and stirring up class warfare.

For either of them to say that rich people are paying a lower tax rate is misleading.  What Buffet is talking about is how he only pays 15% and his secretary pays 35%.  The misleading part of this is the secretary is paying Fed Income taxes, and Buffet is paying long term capital gains tax.

For Buffet to say we need to pay more in taxes is a joke.  Buffet CHOOSES to not take a salary, which would be taxed at 35%, and gets his money from capital gains on investments, which is taxed at 15%.

But for those that are in the 35% Fed Tax bracket and have investment income, (which the investment has already been taxed), will have to pay the additional 15% on investment income.  So in effect some people are already paying 45% of their income just in Fed Taxes, and then you have to add State & Local Taxes.  So how are they not paying their “fair share”?