Taxes of the Rich and Very Rich

This NY Times piece confirms a central point of the Hedge Tax proposal.  It also explains the political rationale of the widespread support of the current tax code by the very rich.  Recall an earlier posting of Warren Buffets support for the inheritance tax (he largely avoids paying it).

http://economix.blogs.nytimes.com/2009/12/09/the-rich-pay-more-taxes-than-the-very-rich/?emc=eta1