WARREN BUFFETT says that there should be a MINIMUM TAX on Millionaires. If someone makes more than a MILLION annually then the amount over a million should be taxed no less than 30%. If someone makes more than TEN MILLION then the amount over ten million should be taxed no less than 35%. Regular rates would apply to incomes under a million.
Mr Buffett deplores the fact that multi-millionaires such as Mitt Romney can get by paying 14% of their incomes in taxes. He also finds it improper that his employees pay a HIGHER PERCENT than he does.