Mr. Warren Buffett made a strong argument in this New York Times article for a minimum tax rate for ultra rich people so some of them will not pay 0% or less than 15% tax rate again. See the article here.
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Why did he say something below? You may want to check the article yourself.
So let’s forget about the rich and ultrarich going on strike and
stuffing their ample funds under their mattresses if — gasp — capital
gains rates and ordinary income rates are increased. The ultrarich,
including me, will forever pursue investment opportunities.
In 1992, the tax paid by the 400 highest incomes in the United States (a
different universe from the Forbes list) averaged 26.4 percent of
adjusted gross income. In 2009, the most recent year reported, the rate
was 19.9 percent. The group’s average income in 2009 was $202 million — which works out to
a “wage” of $97,000 per hour, based on a 40-hour workweek. (I’m
assuming they’re paid during lunch hours.) Yet more than a quarter of
these ultrawealthy paid less than 15 percent of their take in combined
federal income and payroll taxes. Half of this crew paid less than 20
percent. And — brace yourself — a few actually paid nothing.
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