Buffett Questions Tax Gaps
The vast economic rift between the top and bottom tax brackets is a major cause for concern, and it's not just those at the lower end of the income spectrum who are paying attention.
The vast economic rift between the top and bottom tax brackets is a major cause for concern, and it’s not just those at the lower end of the income spectrum who are paying attention.
Your support matters…Washington Post:
Warren E. Buffett was his usual folksy self Tuesday night at a fundraiser for Sen. Hillary Rodham Clinton (D-N.Y.) as he slammed a system that allows the very rich to pay taxes at a lower rate than the middle class.
Buffett cited himself, the third-richest person in the world, as an example. Last year, Buffett said, he was taxed at 17.7 percent on his taxable income of more than $46 million. His receptionist was taxed at about 30 percent.
Read more (registration wall)
Independent journalism is under threat and overshadowed by heavily funded mainstream media.
You can help level the playing field. Become a member.
Your tax-deductible contribution keeps us digging beneath the headlines to give you thought-provoking, investigative reporting and analysis that unearths what's really happening- without compromise.
Give today to support our courageous, independent journalists.
Media
The voice of the financial class describes an ethnic voting bloc in Dearborn, Michigan as a Fifth Column.
Editorial Cartoons
Politics
Omar’s stature as an insider makes her a rallying point for Democratic Party unity.
Editorial Cartoons
Politics
Biden’s prospects under a divided government are bleak.
Environment
Davante Lewis' victory brings new attention to the importance of public service commissions.
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.