So there you have it. Buffett has a tax rate of 17.7% (without even trying to use any loopholes), while his secretary was taxed at 30%. How is that fair?
The wages slaves are generally taxed at a reasonable progressive rate. It's those guys that make most of their money off of capital gains that are making a killing with their low tax rate.
Life isn't fair. Get over it.
I normally don't recommend this book because I thought the obvious would be so obvious, but in this exception, I do think you might benefit from reading a book "Rich Dad, Poor Dad"
The "system" here is the U.S. has always been passive income has more favorable tax treatment than W-2. In fact, that's how you get rich, not slaving away at a job. Everyone knows that. Of course, very few people have motivation to give up a nice / temporary cushy lifestyle of depending on a W-2. If you don't like the way the system works, there's the door…you're welcome to leave this country.
I think China proved that Socalism/Communism to try to make people "equal" when reality is that they aren't didn't work, though they seem to be demonstrating new found expertise in capitalism. It would be ironic if the U.S. moved toward the opposite direction.
