This administration is more concerned with "Fairness" than they are with bringing in revenue. When taxes are used in a punitive manner they help cripple our economy.
Okay, I can see your point. I read the interview with Warren Buffett that President Obama referenced, when he said his secretary pays more taxes that he. Using Buffett as an example, would you say it's fair for him to pay nothing in taxes because he is able to take a salary of $1? I don't want to see anyone punished for their success, but is there a way for him to contribute just like the small business owner? There are many small business owners who pay taxes for their businesses and then again for their income. This is not right, but Buffett doesn't have to do it. So, in my opinion, this is not fair.
If the very rich can take $1 salaries, then their savings should be taxed. If the middle-income business owner pays one tax, he should be exempt from the other, just like Buffett.
You may not know the in's-and-out's of my question and I'm only asking, based on very limited knowledge of Mr. Buffett's financial situation and others like him.