Berkshire Hathaway chairman and CEO Warren Buffett said in an editorial Monday that those making over $1 million and $10 million per year should be taxed at higher rates.
The editorial, “Stop Coddling the Super-Rich,” in Monday’s edition of The New York Times, argued that the income of investment managers and stock futures index traders were only being taxed at 15 percent. Buffett, who ranks No. 3 on the Forbes list of the world’s richest people, with an estimated net worth of $50 billion, estimated that he is taxed at a rate of just 17.4 percent.
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