Grow with the budget deficit and tax at a 50-year low, a question remains in the center of the political debate in the coming months: should extend the Federal Government to increase taxes on the?
Warren E. Buffett, known as the Oracle of Omaha, billionaire investor pushing to stop to raise him and other wealthy Americans and their taxes "Coddling" the issue to the fore of this week pressing members of the new Congress Supercommittee on deficit reduction.
In an opinion piece in the New York Times on Monday Mr Buffett said he nearly $7 million in the federal payroll and income taxes last year about 17 percent of his income, a smaller percentage than anyone else in his Office paid.
Based on comments he has in the past, he called Congress make the tax system more fair by rolling back tax cuts on people, the more than $1 million per year earn so called Bush and income from profits and dividends. He would also close the gap allows hedge fund managers to be taxed at a lower rate.
What would be whatever the political viability, proposal a clear delle set of nation budget deficit. Based on projections of the Joint Committee on taxation, the Congressional Budget Office and the Ministry of finance, the tax increase on all three fronts would generate about $500 billion in new revenue over the next decade - about a third of what the Congress Committee, to the deficit to cut to.
"It is not the long-term budget deficit by itself, to solve," said Eric Toder, an economist at the nonpartisan tax policy Center. "The only way, that is to do have broader tax increases or claims to reduce." "But it would be an important piece of the puzzle."
His net worth at $50 billion, which made him the third richest person in the world - his comments as a result of Mr Buffett high degree of transparency and richness - Forbes estimates a flood of reaction. Mr Buffett remarks during his Midwestern bus tour on Monday, to say that it only fair that rich media cuts through tax increases on the compensated cheered President Obama, who unsuccessfully fought to increase taxes on top earners of the country.
Conservative bloggers and commentators wiped the proposals as sensationalism or initiate a gimmick in a middle-class tax increase and Pat Buchanan, a commentator on CNN, suggested that Mr. Buffett section of the internal revenue service Web site visit, which accepts donations.
Republicans have come together in their opposition to the tax increases, and proposals would Mr Buffett in fierce resistance on Capitol Hill. All six Republican members of the Committee have taken no tax pledge. Flatly rejected representative Kevin Brady, Member of the Committee ways and a Texas Republican, Mr Buffett ideas.
"This is not a serious solution for deficit control or retrieving this gloomy economy on its feet," said Mr. Brady. "Economic growth follows no tax increase." "So as I respect Mr Buffett level beats his proposal to virtually anyone."
Despite the intense antitax mood, which has helped the rise of the tea party movement since the beginning of Mr Obama, are tax rates in the United States at the lowest level since Harry Truman was President.
In 1950, which had upper income group a 91 percent rate; Today, it is 35 percent. Mr. Buffett called for two new tax brackets for high income - earning over $1 million per year and another of $ 10 million. While Mr Buffett a rate not suggest proposal, tax policy Center estimates that a 50-percent tax rate on income over $1 million would increase $48 billion over the next decade.
But one of the most important factors, the reduction in the relatively low tax rates on investment income is paid 15% for dividends, capital gains, and "carried interest," the hedge fund managers and private equity investors. Removal of carried interest would provide only $21 billion over 10 years according to the Congressional increase budget Office.
Restore the dividend would prices and profits to the level before the Bush tax cuts - if profits were taxed at a top rate of 20 percent and treated as ordinary income dividends - the Ministry of finance and bring additional $340 billion over the next decade.
These measures would face intense lobbying and a battle in Congress. Indeed, Democrats were able to roll back the tax credit carried interest or the Bush tax cuts for the rich themselves, when they controlled both houses of Congress. But with the prospect of severe spending cuts and another round of bitter deficit negotiations in Washington, proposals such as Mr Buffett call of taxes on the wealthy rise to ever more urgent part of the discussion is expected to become one.
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