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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: J_F_Shepard who wrote (624513)	8/15/2011 5:51:10 PM
From: Bill	Read Replies (1) \| Respond to of 1576613

<<<< Buffet proposal... I would leave rates for 99.7 percent of taxpayers unchanged and continue the current 2-percentage-point reduction in the employee contribution to the payroll tax. This cut helps the poor and the middle class, who need every break they can get. But for those making more than $1 million — there were 236,883 such households in 2009 — I would raise rates immediately on taxable income in excess of $1 million, including, of course, dividends and capital gains. And for those who make $10 million or more — there were 8,274 in 2009 — I would suggest an additional increase in rate. My friends and I have been coddled long enough by a billionaire-friendly Congress. It’s time for our government to get serious about shared sacrifice. >>>> Bill's proposal... I would leave rates for 99.999 percent of taxpayers unchanged. This helps the poor and the middle class, who need every break they can get. But for those who have more than a billion dollars in accumulated wealth, I would assess an immediate 80% one-time tax on wealth over $1 billion. This would amount to a $40 billion levy on Mr. Buffet, and several hundred billion in total. Buffet and his friends have been coddled long enough by a billionaire-friendly Congress. It’s time for our government to get serious about shared sacrifice.