Advocating Progress

"So I think when the president says fair share, I think there’s a couple of points here, and earlier this hour I said I think there should be a disclaimer underneath, which is the reason why we’re putting up this graphic for you. Because if in fact you’re paying tax on ordinary income and you’re in the highest tax bracket then you’re paying thirty some percent, but then if you take that money that you’ve already paid taxes on and you go and invest and you make a profit, a long term profit more than a year of investment, then you pay another fifteen percent on top of it. And by the way, with the fair share argument forty seven percent of Americans don’t pay federal income tax….But that didn’t get into it, but that is also part of the fair share. So if we are going to be fair to everyone, should those people then start paying something?"