"Buffet is talking about "Taxable Income" meaning a small business or family farm would have to be making 1 Million in profits for it's owners before they would actually be effected by such an increase in rates."
I understand perfectly... go ahead, put the cutoff at 1Mil and you're going to lose politically.
"Consumption tax would likely put an undue burden on the poor"
I don't care... I'm mocking the idea of "shared sacrifice"... the poor pay almost no taxes.
I understand perfectly... go ahead, put the cutoff at 1Mil and you're going to lose politically.
"Consumption tax would likely put an undue burden on the poor"
I don't care... I'm mocking the idea of "shared sacrifice"... the poor pay almost no taxes.