Why should someone who makes 10 mil a year be in a lower tax bracket than someone making 50k?

Demand from each equally. That is the Obama mantra and I agree. This will be a big hit with the population. Let the millionaires pay the same amount as the average American.

So he is paying 3.5 mil and the other guy is paying less then $5,000.

You don't know how the system works.

The millionaire pays 33% on almost all his income.

The guy making $50,000 is not even paying 33% on any of his income.

Stop quoting Left wing bumper sticker slogans.

They actually aren't. Listening solely to Warren Buffoon and what the talking heads say doesn't make it true, think you had better look into the PROGRESSIVE tax system we have. Furthermore, you need to ask why it doesn't bother you that Obama's cronies pay ZERO while receiving taxpayer money, why the person who wrote the tax code doesn't pay, and the person directly over the IRS doesn't pay. (Rangel and Geithner) Or are these facts too much of a burden to your argument?

Taxpayers making $10,000,000 per year pay $110,016.50 plus 35% of excess over $379,150 in taxes. Tax = $3,367,407.52. (33.67%)

People making $50,000 per year pay $4,750 plus 25% of excess over $34,500 in taxes.

Tax = $8625 (17%)

Thats for a single person, a married couple making $50k pay even less.

it is stupid because they pay more in taxes at a lower percentage rate than lower income people pay at a higher percentage rate.. but the democrats never understood that cause they don't pay their taxes.. i.e. tim geithner, tom daschel, and about 40 other people in or considered for Obama's cabinet.

They know how to play the system.

maybe because they know most democrats dont pay taxes and most republicans do...