Lies, damned lies, and statistics.The poorest taxable person is paying a 200% tax rate. The following image is a snippet of the tax rates for the lowest taxable income from the 1040EZ instructions.
People and businesses will spend an estimate $250 billion to $300 billion a year on preparing their taxes. The POTUS wants to add more rules to the tax code to raise taxes on the rich. More charts, more expense on preparing taxes, less money for the economy.
You could do taxes yourself. If you screw up you will get hit with a penalty or even go to jail. Isn't it nice of our congressmen and POTUS to look out for us and make more tax rules? Isn't that just what you want? A chance to go to jail by screwing up paper work?
That is what a progressive tax system does. That is what class warfare does. However the strange thing is the rich can afford the accountants to make sure their taxes are properly paid so that they avoid jail. Can you?