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Do wealthier people (like Warren Buffet) pay lower taxes due to capital gains being their primary source of income and not a salary, etc.), yes at this time. However, with a flat tax (and little or no exemptions) you would not have the two tiered structure, so, in our case Warren, would pay the same percentage as me (just a hard working corporate guy).
So say if the flat tax was 28%, Warren would pay 28%, even on income made from investments?