Stop coddling rich folks like me, Warren Buffett implores in a NYT op-ed; rates should be raised...

|By:, SA News Editor
Stop coddling rich folks like me, Warren Buffett implores in a NYT op-ed; rates should be raised on taxable income in excess of $1M, including dividends and capital gains. But the argument rings hollow for Tim Worstall, who points out that the U.S. allows profits to be taxed at both the corporate (35%) and individual levels (15%) for a total that's much higher than Buffett's stated 17.4%.