Tag: Warren Buffett
Okay. The Buffett Rule. Then What?
I’m seeing reports that the Buffett Rule (taxing Capital Gains income of the 1% at a higher (30%) rate) would raise $50,000,000,000. That’s an enormous amount of wealth to redistribute from 818,902 Tax Returns (read Families). It’s $61057.37 per Family (Tax Return). So, okay Obama, let’s say we do it. We employ the Buffet Rule. …