Warren Buffett has acknowledged there's a class war going on. "Actually, there's been class warfare going on for the last 20 years and my class has won," he said in an interview recently. "We're the ones who have gotten our tax rates reduced dramatically."
Since 1992, Buffett said, income for the 400 wealthiest taxpayers has increased more than five-fold: from $40 million to $227 million. Yet during that same period, their tax rates have fallen from 29% to 21%.
Republicans have used the small-business bogeyman as a way to scare the public off from raising taxes on the wealthy for years. They know the public is fed up with CEO's making enormous salaries and millionaires stashing their cash in tax loopholes. So they've deflected attention off the fat cats by asserting that Obama's tax proposals would actually hurt small businesses more. That’s simply not true.
http://www.theprovocation.net/2011/10/higher-tax-rates-would-barely-touch.html