I am always amused at the "tax rate" discussion about millionaires and billionaires.

The tax rate is not an apple and an apple.

Most taxpayers pay taxes on wages.

Millionaires and billionaires do not make wages. It is all about asset management and investments....that simply are not at the same "rate".

Instead of talking about "rates", it would be more useful to be talking about amounts of $$$$$ paid in taxes per the given rates.

Most of us know the result of such an exercise.....right.

But the media and political abuse and mis-information talking about tax rates plays better to the uninformed.

The uninformed do not know they are uninformed....that is the pity of what is happening in our society today.