How does current tax system benefit the rich?

I wanted to know what were some of the tax codes that benefit the rich. I heard one of Obama's speeches and he wanted to try to stop this from happening.

Too late, it's already happened through 6+ years of President George Bush. First and foremost were the tax cuts that were passed that cut the top tax rates down. Also, increases in the estate tax deduction which culminates in no federal estate taxes for anyone who dies in 2010 (watch out granma!) which Bush still wants to make permanent, even though all it will benefit will be 100 or so super-rich families like the Walton family (heirs of the Wal-Mart founder). Lower tax rates for qualified dividends and capital gains, and it's the rich that are more than likely to have dividends and capital gains. Need I go on?

I've attached an article about Warren Buffet (3rd richest person in the world) being quoted as saying that the current US tax system favors the rich. If that's not right from the horses mouth, I don't know what is.

I've also attached others which say that the system favors the rich.

TFBA Report It

It's easy for a politician who courts the "poor vote" to talk of unfair tax policies that benefit the rich. The reality is that the rich (who make up a small % of the total population) pay a very large portion/percentage of the total taxes.

The top income earners can have over 1/3 of thier income taken through different taxes, sometimes approaching nearly 1/2. Why doesn't Obama address the heavy tax burden of supporting upward of 12 million illegal immigrants who use free emergency services for basic health needs, or use taxpayer funded educational institutions, ect.

I was not aware that it did. Something like 38% of all taxes paid are paid by 5% of the population. I would not listen to a lib about how the "rich" don't pay enough tax.

The most common argument for the tax code being slanted to favor the wealthy it that the capital gains tax rate (eg. the rate on gains from stock sales) is less than the income tax rate. But realistically the money that people use to purchase stocks in the first place has already been taxed as income. The lower capital gains tax rate encourages economic growth from the top down by supporting business investment. The richest 1% of Americans pay about 30% of all taxes. The tax that hurts less wealthy people much worse than it does the rich is sales tax and excise taxes like the tax on tobacco.