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Mr Obama said he rejected the idea that "asking a hedge fund manager to pay the same tax rate as a plumber or teacher is class warfare" .

Some of the reports, which haven't been confirmed, said the tax rate would be around 1%.

If the enforcement of a new unified rate was as far as the new law extended, adapting to it would be easy enough.

On June 14th, however, he appeared to cede ground when he said that "the lowest possible rates" of income tax could help curb tax evasion.

If there has been a larger proportion of the dividend can also be appropriate to reduce the tax rate more benefits to the public.

Some states have an income tax similar to that of the federal government. Of course, the percentage for the state tax is lower.

He said losses to the taxpayer could balloon over the next few years as more people move their accounts to Switzerland's lower tax regime.

Most people seem to think that it's reasonable for Jane to pay a higher percentage of her income as tax than Sue does.

However, Mr Depardieu seems to be chiefly attracted by Russia's flat 13 per cent income tax, as he seeks refuge from high taxes in France.