2012-11-28 —

"Put another way, millionaires pay a rate that's nearly three to four times the rate paid by the middle class," Frank writes.

And he is absolutely right, but only if you focus on federal income-tax rates and not on federal payroll taxes or state taxes or sales taxes or the many other taxes that people pay -- taxes that often weigh more heavily on you the lower down you are on the income ladder.

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