John and Ann have paid an effective tax rate of 14.1 % in their 2011 returns . Edward McCaffery : Raising the tax rate wo n't affect the very rich . He says very rich people do not have to show any ` ` income '' on their tax returns . McCaffery : The important question is -- how do we fix this ? More spending , rather than work , and the rich will have to pay more taxes .
John and Ann have paid an effective tax rate of 14.1 % in their 2011 returns . Edward McCaffery : Raising the tax rate wo n't affect the very rich . He says very rich people do not have to show any ` ` income '' on their tax returns . McCaffery : More spending , rather than work , and the rich will have to pay more taxes .