The 80/20 Rule
In 2011 Warren Buffet's tax bill was only 18% of his income while his employees averaged 33%. However, in dollars Mr. Buffet paid nearly $11,000,000 versus the average personal tax bill of $7,000 or zero for 76 million households or the so called 47 percent.
The top 20% of households now account for over 70% of the personal income tax collected and if this trend continues I fear that our government imposed fairness could one day destroy capitalism and the 20% of families who now pay so many of our nations bills?
