Warren Buffett Has No Problem Backing the Buffett Rule

The Oracle said as much in a letter to Buffett Rule scribe, Senator Sheldon Whitehouse (D-RI):

Billionnaire investor Warren Buffet said in a letter Wednesday that he was “delighted” to support legislation to implement the “Buffett Rule,” which would ensure that those making over $1 million annually pay at least a 30 percent effective tax rate. “I’m delighted to be identified as a supporter of S. 2059,” Buffett wrote in a letter to Sen. Sheldon Whitehouse (D-R.I.), who introduced legislation to implement the rule. “I have no problem endorsing any large step in the direction of greater fairness in the Tax Code. … Thanks for what you are doing for our country,” Buffett added, according to the senator’s office.
 

Latest Accounting Jobs--Apply Now:

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Comments are closed.

Related articles

Where Does Janet Yellen Want to Be Taxed?

Presuming that Janet Yellen, our current secretary of the Treasury, lives in California, her marginal tax rate might be as high as 13.3%. That’s a little scary for those of us living here in Maryland. Good thing she knows how to handle finances. For that kind of tax rate she might easily be persuaded to […]