NEW YORK — Warren Buffett, the nation’s second richest man, pressed his call for more taxes on the wealthy by mocking the idea that higher rates discourage investment.
Legislators should increase taxes on those earning more than $500,000, including minimum rates of at least 30 percent on all income above $1 million, Buffett said Monday in an opinion piece in the New York Times.
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Why have we not heard Mr Buffet suggest eliminating some of his tax loopholes. Loopholes that the rest of us don't enjoy.