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Posts tagged Buffett

4 Notes

Do you think we should raise taxes on the wealthiest Americans?
Congress is likely to vote soon on the “Buffet Rule” which would raise taxes on the mega rich (those making over $1 million a year.) Some reporters have called us and want to know what you think. Click on this link to take our Facebook poll and let us know what you think!

Do you think we should raise taxes on the wealthiest Americans?

Congress is likely to vote soon on the “Buffet Rule” which would raise taxes on the mega rich (those making over $1 million a year.) Some reporters have called us and want to know what you think. Click on this link to take our Facebook poll and let us know what you think!

Notes

IS $31 BILLION A ‘DROP IN THE BUCKET?’

Buffett Rule Chart

THE FACTS

The numbers are in: the proposed Buffett Rule, which would raise taxes on the mega rich (those making over $1 million a year) would raise $31B over 11 years.

According to analysts, “That figure would be a drop in the bucket of the over $7 trillion in federal budget deficits projected during that period.”

WHY WE SHOULD CARE

Our previous poll showed that our generation is overwhelmingly in favor of the Buffett Rule.

OUR TIME POSITION

Given that the Buffett Rule’s impact is relatively small compared to our overall deficit, do you still support it?

  • Yes, $31 billion can be put to good use
  • No, the money is too little to make a difference

We’d like to know what you think!