Is the US tax system flawed? The way the tax code reads today the increase against the rate for the wealthiest american goes up 3.8%. The argument is that the wealthiest 1% don’t pay their fair share of taxes. There are 2 sides to every story, one side states that the wealthiest have access to high profile tax attorneys and CPA’s that setup shelters, trusts, etc…and minimize their effective tax burden.
The other side to the issue is the wealthiest provide employment for small businesses, and 99% of all businesses are in the small business category. US tax system, Who pays? courtesy of Stephen Moore at Manhattan Institute, a think tank on policy and taxes.
The Vlog brothers produced a great video on youtube that can’t be summarized any better Why the rich pay lower taxes