77 Right Wing Oligarchs Want to Finish the Job

[Hieronymus Phact]

23. Why is Warren Buffett on the list?

He's one of the few good ones.

https://obamawhitehouse.archives.gov/sites/default/files/Buffett_Rule_Report_Final.pdf

The Buffett Rule is the basic principle that no household making over $1 million annually should pay a
smaller share of their income in taxes than middle-class families pay. Warren Buffett has famously
stated that he pays a lower tax rate than his secretary, but as this report documents this situation is not
uncommon. This situation is the result of decades of the tax system being tilted in favor of high-income
households at the expense of the middle class. Not only is this unfair, it can also be economically
inefficient by providing opportunities for tax planning and distorting decisions. The President has
proposed the Buffett Rule as a basic rule of tax fairness that should be met in tax reform. To achieve this
principle, the President has proposed that no millionaire pay less than 30 percent of their income in
taxes.