Doesn't Teresa's low tax rate just show how much more important it is to raise taxes on the wealthy? Why should we have a tax system where billionaires pay a much lower rate than the middle class? Why should capital gains be taxed at a much lower rate than wages?
America is not only one. We have same kind of taxation in Finland. It's mainly because money hasn't homeland, but people have. The general capital income tax percent is 28 and the dividend income tax is about 20. It was ZERO before current centre-left government raised it up. Middle class people pay usually 30-50 percent, people with big salary over 50.
