[jterce]

Do you realize that the "same percentage tax as middle-income earners" would be LOWER than what they currently pay?

http://en.wikipedia.org/wiki/Income_tax_in_the_United_States...

[dbingham]

Only if you take into account the marginal rates and ignore the many, many breaks and loopholes.

[camiller]

OK, what about the many "breaks and loopholes." for the other tax brackets? I'm in the 25% bracket (Married filing jointly, $68,001 - $137,300) and I paid under 6% effective rate for each of the last few years.

[cpeterso]

Buffet is not talking about income tax. He's talking about capital gains taxes, since most wealthy people are making money from investments, not paychecks.