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Archive for September 18th, 2011

On Monday, it appears the President is poised to propose replacing the Alternative Minimum Tax on individuals with what is being called the “Buffet Rule,” which will impose a minimum tax rate on individuals with taxable income in excess of $1,000,000. The goal is to insure that high-income taxpayers pay the same percentage of  income as middle-class earners, a characteristic of the taxing system that Warren Buffett has repeatedly called for.

No details are currently available regarding the proposal, but we’ll be all over it when they are.

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