New York Times (February 1, 2012)
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.”
Tags: Buffet rule, Government, Millionaires, Taxes, U.S.
