for those making more than $1 million — there were 236,883 such households in 2009 — I would 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.
My friends and I have been coddled long enough by a billionaire-friendly Congress. It’s time for our ...
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The story reiterates Warren Buffett's previously stated position on the taxation of wealth with considerably greater detail. The significance here is the timing. Buffett is giving Obama a valuable boost to confront the issue of tax inequity at a time when Republicans are lock-step against it. Buffett had long been a conservative icon and the fact that he has largely endorsed Obama's attempt to reform the tax code is a testimony to how far the country has moved to the right.
This is an op-ed. To the extent that it is published completely and accurately, it is good journalism.
have worked with investors for 60 years and I have yet to see anyone — not even when capital gains rates were 39.9 percent in 1976-77 — shy away from a sensible ... More »
This is stating the simple economic facts of our current tax system, that opress the poor and middle class and coddles the super-rich.
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