Sunday, August 26, 2012

Some of the truly wealthy avoid paying their fair share

"We're going to close the unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share. In theory, some of those loopholes were understandable, but in practice they sometimes made it possible for millionaires to pay nothing, while a bus driver was paying ten percent of his salary, and that's crazy. <...> Do you think the millionaire ought to pay more in taxes than the bus driver or less?"

-- President Ronald Reagan, June 1985

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