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Monday, January 30, 2012

On the "Buffet rule"


The so-called “Buffet rule” has been causing a lot of stir recently, especially after President’s Obama State of the Union speech last week.
“[Senator] Whitehouse is expected to introduce the Paying a Fair Share Act on Wednesday. His proposal would codify the "Buffett Rule," named after billionaire Warren Buffett: It would require people who make more than $1 million to pay a 30 percent effective tax rate. Tax loopholes now allow some of the wealthiest Americans to pay lower tax rates than people in the middle class.”
What are your thoughts on the “Buffet rule”? What impact will it have on the economy?


See the original article here
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