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Aug 28, 2023 · The Buffett Rule tax plan proposed a 30% minimum tax on people making more than $1 million a year. The rule was part of President Barack Obama's 2011 tax proposal. It was named after Warren ...
- Julia Kagan
Distribution of average tax rates including individual income tax and employee payroll tax. The Buffett Rule is named after American investor Warren Buffett, who publicly stated in early 2011 that he believed it was wrong that rich people, like himself, could pay less in federal taxes, as a portion of income, than the middle class, and voiced support for increased income taxes on the wealthy. [5]
8 hours ago · This rule posits that no household making above $1 million a year should pay taxes on a lower share of their income than middle-class earners. It earned its name from the billionaire investor Warren Buffett, who famously criticized the fact that his secretary paid a higher tax rate than he did.
April 2012. he Buffett Rule: A Basic Principle of Tax FairnessThe Buffett Rule is the basic principle that no household making over $1 million annually should pay a smaller share of t. eir income in taxes than middle-class families pay. Warren Buffett has famously stated that he pays a lower tax rate than his secretary, but as t.
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Apr 16, 2012 · The proposal is named after billionaire investor Warren Buffett, who famously wrote that many of his office staff pay a higher tax rate than he does. It would require high-income taxpayers to pay an effective tax rate of at least 30 percent of their adjusted gross income. (The effective tax rate includes not just income taxes, but also the ...
Apr 13, 2012 · The proposal is named after billionaire investor Warren Buffett, ... the Tax Policy Center estimates the Buffett Rule would raise taxes for 116,000 households (or about a quarter of the 438,000 ...
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Apr 10, 2012 · Next week, Senate Democrats will try to advance a version of Obama's Buffett Rule, which calls for millionaires and billionaires to pay at least 30% of their income in federal taxes. NEW YORK ...
