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What is Fair Share?

The Buffett Tax, because it won't raise revenue, should be understood mostly as Election-Year demagoguery. And like most demagoguery, it is not well grounded in facts.

The basic argument is that the rich don't pay their fair share in taxes. Rather than data, President Obama relies on anecdote -- that Warren Buffett supposedly pays taxes at a lower rate than his secretary does. Let me present some data to the contrary.  Read more.