People of substantial net worth, pay a lower rate of taxes than the middle class if you don't define taxes as marginal tax rates on what has been defined as income.
As an investor, my net worth went up substantially last year. I paid no taxes on my investments. None. In fact, my investments are now at a place where their growth is passing up my earned income. If one assumed I was at a combined tax rate of 33% (remember tax rates are not a single rate, but a mixture unless one is only at the very lowest rate), and if one assumed my investments grew at a rate equal to my income, then the effective tax rate would be 16 1/2% excluding payroll taxes.
This soak the rich question is just plain bull pucky. The reality is that earned income is only a tiny fraction of what can be generically called income, and because of our code, those of us who have actually pay a much lower rate than those who don't.
Here is the question of the day, does anyone think that wealthy people should pay a lower percentage of their income to taxes than middle class people? Don't argue tax brackets, just a simple question. Do you think someone earning 46 million dollars should pay a lower percentage of their income than say someone earning sixty thousand?