Rich Man Whining

Looking at federal income taxes alone, the JCT staff found that the over $1 million club faces effective income tax rates of a little over 24 percent — hardly the punitive rates implied in Golub’s Op-Ed piece. And when one gets to the superrich, effective federal income tax rates actually decline further, because so much […]

Warren Buffett, The Super-Rich, and Ralph Nader

KW: Many of today’s media are featuring a headline celebrating a recent statement by Warren Buffett, which asks the US government to stop coddling “The Super-Rich” and to raise taxes on billionaires. That is great and generous thinking. Though, it would be nice if the American media would acknowledge that some of Buffett’s thinking and […]