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Warren Buffett's Suggestion for a Minimum Tax on the Wealthy // New York Times op-ed
by flagamuffin

Refreshingly honest opinion from someone who is both an insider and an established expert.

The crux:

    I support President Obama’s proposal to eliminate the Bush tax cuts for high-income taxpayers. However, I prefer a cutoff point somewhat above $250,000 — maybe $500,000 or so.

    Additionally, we need Congress, right now, to enact a minimum tax on high incomes. I would suggest 30 percent of taxable income between $1 million and $10 million, and 35 percent on amounts above that.