The President of the United States has recently proposed a new tax known as the Buffett tax. The tax idea was suggested by Warren Buffett as a way of helping the federal government generate additional revenue. Buffett has caught a lot of flak from a number of business publications like Forbes and the Wall Street […]
There is a lot of talk from Republican presidential candidates about replacing the current tax code with a flat tax. Herman Cain has a 999 plan that contains a 9% flat tax, 9% national sales tax, and 9% corporate tax rate. Rick Perry just came out with a 20-20 plan that has a 20% flat […]
There is all this talk in the federal government now about lowering the corporate tax rate because United States corporation pay too much in federal taxes. We are always told that we have one of the highest tax rates in the world and that lowering it will benefit the economy more. It appears that United […]
Warren Buffett has long been an advocate of making the rich pay their fair share in taxes. He believes that tax cuts for the rich are unneccessary and that the wealthiest Americans can afford to pay the 3% increase. Read more in Buffett Backs Higher Taxes.