People in Buffett's financial class get much of their income from dividends and capital gains. They are taxed at 15%. For some who push a flat tax even 15% is too much. They would not tax dividends or capital gains at all. Is it any wonder guys like Steve Forbes, who inherited his wealth and gets most of his income from dividends and cap gains, think that's a great idea.How about a flat tax on ALL income? I'd be willing to look at that. But instead we get proposals for a national sales tax which will hit the poor and middle class far harder than it hits the rich. No thanks!BTW, I also benefit from the treatment of dividends and cap gains but no where near as much as the super millionaires.
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