Buffett Millionaires Tax To Raise $47 Billion: Report

Millionaires Tax

WASHINGTON (Reuters) - A proposed 30 percent minimum tax on millionaires backed by President Barack Obama - dubbed the Buffett tax after investor Warren Buffett who supports it - would raise about $47 billion over a decade, according to a congressional report.

Sections:  news   politics   
  • Professor explains wild airline rant: In-flight cigarette was ‘revolutionary’ act of ‘civil disobedience’Professor explains wild airline rant: In-flight cigarette was ‘revolutionary’ act of ‘civil disobedience’
    A Penn State professor was arrested over the weekend in a bizarre videotaped incident that went viral. Karen Halnon, who teaches sociology at the university’s Abington campus, was flying from Nicaragua to Miami when she lit up a cigarette and ranted about Venezuela and President Barack Obama. More
  • Republicans to back Obama's student loan plan
    House Republicans are willing to give President Barack Obama a rare win, the chairman of the Education and Workforce Committee said Thursday in outlining a deal that would let college students avoid a costly hike on their student loans. More
  • Obama to open middle-class jobs, opportunity tourObama to open middle-class jobs, opportunity tour
    Aiming to show he's still focused on creating jobs, President Barack Obama is beginning a series of quick trips around the country to resurrect ideas from his State of the Union address that became overshadowed by the intense debates over gun control, immigration and automatic spending cuts. More
  • GOP boycotts health care advisory boardGOP boycotts health care advisory board
    House and Senate Republican leaders told President Barack Obama Thursday that they will refuse to nominate candidates to serve on an advisory board that is to play a role in holding down Medicare costs under the new health care act. More
  • Original ricin suspect was held despite evidence pointing to another man
    After keeping Elvis impersonator James Kevin Curtis in jail for a week, interrogating him while he was chained to a chair and turning his house upside down, federal authorities had no confession or physical evidence tying him to the ricin-laced letters sent to President Obama and other public officials. More
  • In Bed With Her Wall Street Cronies - American Spectator
    Noon: Hillary’s policies enrich Wall Street - Farmington Daily Times
    07/25/2016 - 1:24 pm | View Link
  • Hillary’s energy policies: enriching Wall Street cronies, while ... - Canada Free Press
    ... well-connected millionaires ... Steyer and Warren Buffett ... “In May 2013, [they] helped raise over $1 billion in ... grants and federal ...
    07/25/2016 - 4:50 am | View Link
  • More
  • Would the ALP's 'Buffett tax' put an end to tax-rorting millionaires?
    Some 55 millionaires paid no tax at all in 2012-13, and they claimed an average ... and has modelling that shows it would raise $2.5 billion a year. Such a policy would be very tough to get through and can be seen as an ambit claim to start negotiations.
    07/27/2015 - 4:11 pm | View Link
  • Buffett Rule: How Much Federal Tax Revenue Will It Really Raise?
    How much revenue would it raise ... Committee on Taxation of $46.7 billion over ten years (a fairly small dent in overall deficits), this figure assumes the expiration of the Bush tax cuts. In this scenario, many more millionaires would already be paying ...
    04/10/2013 - 3:32 pm | View Link
  • What is the Buffett Rule? Obama’s proposal to create a minimum tax for millionaires, explained
    The Buffett Rule is a proposal from the Obama administration to keep millionaires and billionaires from paying ... on Taxation estimates that the rule would bring in $47 billion in extra tax revenue over the next 10 years. That doesn't seem like much ...
    04/10/2012 - 11:28 pm | View Link
  • Obama Wants 'Buffett Rule' Tax on Millionaires
    The Buffett Rule would raise the tax rate for millionaires to a minimum of 30 percent ... Republicans point out that Obama's proposal would only bring in $47 billion through 2022, compared to federal deficits expected to hit $7 trillion during those ...
    04/10/2012 - 7:52 am | View Link
  • Obama's Buffett Rule: FAQ
    NEW YORK (CNNMoney) -- President Obama on Tuesday continued to beat the drum for the Buffett Rule ... it raise? The Joint Committee on Taxation, which analyzes tax legislation, has estimated that the "Paying a Fair Share Act" would raise $47 billion ...
    04/9/2012 - 11:24 pm | View Link
  • More
  • Addressing the Need for More Federal Revenue | CTJReports
    During the most recent year for which OECD data are available, the United States collected lower taxes as a share of GDP than all but two OECD countries, Chile and ...
    07/27/2016 - 12:50 pm | View Website
  • Details and Analysis of Hillary Clinton’s Tax Proposals ...
    Key Findings: Hillary Clinton would enact a number of tax policies that would raise taxes on individual and business income. Hillary Clinton’s plan would raise tax ...
    07/25/2016 - 2:26 pm | View Website
  • Buffett Rule
    The Buffett Rule is part of a tax plan proposed by President Barack Obama in 2011. The tax plan would apply a minimum tax rate of 30 percent on individuals making ...
    07/25/2016 - 12:28 am | View Website
  • Obama to propose new tax rate for millionaires
    The White House will propose a new tax rate for people earning more than $1 million a year to ensure that they pay at least the same percentage of their ...
    07/24/2016 - 10:55 pm | View Website
  • Warren Buffett
    Early life. Buffett was born in 1930 in Omaha, Nebraska, of distant French Huguenot descent. He was the second of three children and the only son of Leila (née Stahl ...
    07/23/2016 - 3:22 am | View Website
  • More

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Politics News