President Obama proposed $1.5 trillion in deficit reductions ideas today, mostly from new taxes. The one that’s getting all the ink is the so called “Buffett Rule” or “Buffett Tax.” It would add an extra layer of taxes on people making over a million dollars a year. It’s named in honor of multi-billionaire investment guru who recently wrote an op-ed complaining that his taxes weren’t high enough.
- Buffett said, “I was kidding! Do you people actually believe everything you read?”
- If the government really wants to collect more money from Americans, they should institute and “All-You-Can-Eat-Buffet Tax”.