Even Buffett spoke out, that his class wins, but it should not (for the good of society). And he said, that something is wrong, when his secretary has to pay a much higher tax-rate as himself.
Even Buffett spoke out, that his class wins, but it should not (for the good of society). And he said, that something is wrong, when his secretary has to pay a much higher tax-rate as himself.
Did you read the article? Mankiw noted that when CBO statistics are used, taking into account all taxation, not just income taxes, the United States have a very progressive tax system.
In reality, there are many loopholes (the more money involved, the more fully legal loopholes)
>the United States have a very progressive tax system
Compared to which system? The system of Sweden or of Uruguay? You of course can find dozens of third world countries, with dysfunctional tax system.
I guess, they are similar studies as can be bought (in dozens) in the country, I live in.
No, Prof. Mankiw's claim is that Mr. Buffett did not include all taxes in that statement.
> > the United States have a very progressive tax system
> Compared to which system?
In absolute terms, according to the CBO's figures. The CBO is the Congressional Budget Office, and is widely reputed to be honest.
Once, the US prided itself to be the most developed nation, today it must compare itself with Uganda and other countries.
Compare tax rates of today with those after the 2nd WW -- the era, where the US flourished most. Today, only the banks of the US are flourishing. When you are no banker and earn below 7 figures a year, you should start to think.
The sentence about "honesty" I will not comment!