MURDER, POLITICS, AND THE END OF THE JAZZ AGE
by Michael Wolraich
Order today at Barnes & Noble / Amazon / Books-A-Million / Bookshop
MURDER, POLITICS, AND THE END OF THE JAZZ AGE by Michael Wolraich Order today at Barnes & Noble / Amazon / Books-A-Million / Bookshop |
Buffett also repeats his controversial call for a minimum tax of high incomes. He's suggesting 30 percent on taxable income between $1 million and $10 million, and 35 percent on incomes above $10 million. "A plain and simple rule like that will block the efforts of lobbyists, lawyers and contribution-hungry legislators to keep the ultrarich paying rates well below those incurred by people with income just a tiny faction of ours," he writes.
Comments
At this time, I would add some upper end brackets where the marginal rate would go up higher at those upper, upper ends. But the gist of his thinking is entirely too sensible, and such a vast improvement over the current tax code and practices, to stand any chance of being adopted in any case.
by AmericanDreamer on Thu, 11/29/2012 - 11:21am
Probably. But at least he is trying. I like how he set a minimum tax rates on high incomes to match the maximum ones on lower incomes.
by EmmaZahn on Thu, 11/29/2012 - 5:55pm