Posted by Woody on September 21, 2011 at 13:39:56:
Maybe Buffet should give his secretary a pay raise if she is so bad off.
Inflation is a tax.
Employees always get bent over, but they don’t take the risk either.
Raise the capital gains tax and see what happens.
Buffett Tax - Posted by Rob
Posted by Rob on September 20, 2011 at 14:47:08:
What the article forgets to highlight is that Mr. Buffett’s income is long term capital gains taxed at 15% and earned income, like wages and salaries are taxed at 28% for many people.
Until capital gains taxes are indexed for inflation, it will largely be a tax on inflation. Even in today’s recession, as in the Great Depression, there was some inflation though small.
http://www.msnbc.msn.com/id/44592106/ns/politics-white_house/