Not accurate to compare income taxes versus capital gains and then pronounce that millionaires are somehow paying a lower rate than the average US citizen. Unless those were the only taxes that either were paying. It’s just not. Actually income taxes represent only a third (A THIRD!) of the taxes paid by Americans to the governement. Were someone, say a president, to get out and imply that millionaires are somehow paying a lower rate, that person would be implying something that is a prevarication. A lie.
What a surprise.
“For the entire universe of American taxpayers, the average tax rate is 11 percent of our AGI. The highest average tax rate paid by anyone earning under $100,000 is 8 percent. That shows how successful the myriad tax credits available to the “middle-class” have been in reducing their tax burdens. By contrast, millionaires pay an average rate of 25 percent.”_source the Tax Foundation, a Washington, D.C.-based think tank founded in 1937 that collects data and publishes research studies on tax policies at the federal and state levels