It's funny because most rich people don't complain much about taxes. The complaints tend to come much more from middle class families and corporations.
I think that depends upon how you define "rich." HENRY's such as myself - folks who are raking in sizable incomes, but all in the form of wages taxed at ordinary rates - are getting soaked. I think at last count I paid a higher percentage in taxes than about 92% of Americans. I don't think that's fair. Seems to me that everyone should pay about the same percentage. It's not like I'm getting better government services than 92% of Americans.
Never heard this term but found a definition....
DEFINITION of 'High Earners, Not Rich Yet - HENRYs'
A buzzword coined in a 2003 Fortune Magazine article to refer to a segment of families earning between $250,000 and $500,000, but not having much left after taxes, schooling, housing and family costs - not to mention saving for an affluent retirement.
To which I say....da fuq you spending money on to pull that down and not be able to save...especially in the midwest
Who said anything about not saving? I save plenty. But yes, I also have plenty of expenses you might expect for four kids, college savings, multiple advanced degrees, a home, cars, etc. I don't live beyond my means, but my wife and I worked our asses off for the life we enjoy and it doesn't mean we should pay a significantly higher percentage in taxes as a result.
You're also right that at least I live in the Midwest. One could argue that the true HENRYs are the dudes pulling down 250k but at double the cost of living on the coasts. Those guys are getting screwed worse than me.