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Keyword: beffet

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  • Warren Buffett calls for a minimum tax on the wealthy

    11/26/2012 9:23:44 AM PST · by LucianOfSamasota · 35 replies
    Reuters ^ | Nov 26, 2012 | Ben Berkowitz
    In a New York Times editorial printed on Monday, Buffett suggested Congress move immediately to implement minimum taxes of 30 percent on incomes of $1 million to $10 million and 35 percent above that. "A plain and simple rule like that will block the efforts of lobbyists, lawyers and contribution-hungry legislators to keep the ultra rich paying rates well below those incurred by people with income just a tiny fraction of ours," Buffett wrote. "Only a minimum tax on very high incomes will prevent the stated tax rate from being eviscerated by these warriors for the wealthy," he added. The...