The Sun Daily: Robin Hood Budget for Singapore

A study by the US Institute on Taxation and Economic Policy found the effective state and local tax rates by income group nationwide are 10.9% for the bottom 20%, 9.4% for the middle 20% and 5.4% for the top 1%. This means the poorest Americans pay twice as much in taxes as the very rich.

Another egregious example is Warren Buffet.

Thanks to Bush-era tax cuts, the third richest man in the world pays a lower tax rate than his cleaning lady.

“And that just isn’t the way the system should work,” Buffet says.

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