Saturday, September 17, 2011

Obama To Sock Rich With A "Buffett Tax" On Incomes Of $1 Million Or More

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Well, this won't make President Obama's critics happy.

On Monday, the President will propose a new "Buffett Tax" on those making $1 million a year or more, Jackie Calmes of the New York Times reports.

The tax will be a sort of alternative-minimum tax that ensures that the nation's highest earners, like Warren Buffett, pay a similar percentage of their incomes in tax as middle-class people do.

Posted via email from Inspiration

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