Warren Buffett to Congress: Seriously Guys, Raise Our Taxes
Berkshire Hathaway CEO Warren Buffett
Berkshire Hathaway CEO (and Forbes second wealthiest American in 2010) Warren Buffett penned an assertive op-ed in Monday's New York Times calling for the congressional "super-committee" assigned to draft a debt reduction plan to raise taxes on the "super rich". The piece did not mention any members of congress or political parties by name but was highly critical of the structure of the U.S. tax code.
Buffett called for a plan that would,"leave rates for 99.7 percent of taxpayers unchanged", and "raise rates immediately on taxable income in excess of $1 million, including, of course, dividends and capital gains. And for those who make $10 million or more -- there were 8,274 in 2009 -- I would suggest an additional increase in rate."
Full story here: http://tpmdc.talkingpointsmemo.com/2011/08/warren-buffet-to-congress-seriously-guys-raise-our-taxes.php?ref=fpc
Buffett called for a plan that would,"leave rates for 99.7 percent of taxpayers unchanged", and "raise rates immediately on taxable income in excess of $1 million, including, of course, dividends and capital gains. And for those who make $10 million or more -- there were 8,274 in 2009 -- I would suggest an additional increase in rate."
Full story here: http://tpmdc.talkingpointsmemo.com/2011/08/warren-buffet-to-congress-seriously-guys-raise-our-taxes.php?ref=fpc
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