A Bloomberg poll reveals a majority of global investors support the so-called Buffett Rule proposed by President Obama to tax the income of those earning over $1M a year. Support for the millionaire's tax was highest in Europe, while in the U.S. it only saw 40% approval. "The U.S. does not have a tax rate problem - we have a spending and entitlement problem," noted one investor polled.
As far as I know, Millionaire's ARE paying taxes...in fact they are in the highest tax bracket...currently 35%.
Friday, September 30, 2011
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