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New York Times (February 1, 2012)

2012/ 02/ 02 by jd in Global News

If implemented, a Buffet Rule that requires “million-dollar earners to pay at least 30 percent of their income in taxes” would lift the tax rates of about 94,500 millionaires and bring in an additional $50 billion. The New York Times calls the Buffet Rule a good start “toward making the rich pay a fairer share and reduce the mounting cuts to government programs that benefit the less fortunate.”

If implemented, a Buffet Rule that requires “million-dollar earners to pay at least 30 percent of their income in taxes” would lift the tax rates of about 94,500 millionaires and bring in an additional $50 billion. The New York Times calls the Buffet Rule a good start “toward making the rich pay a fairer share and reduce the mounting cuts to government programs that benefit the less fortunate.”

 

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