Salient to Investors:

Warren Buffett said:

  • Increase taxes on those earning more than $500,000, and minimum rates of at least 30 percent on all income above $1 million.
  • The rich won’t strike or stuff mattresses if tax rates are increased.
  • Eliminate carried interest et al that enable income from labor to be converted into capital gains
  • Eliminate the use of Cayman Islands addresses for tax maneuvering by wealthy individuals and corporations.
  • Under prior burdensome tax rates, both employment and GDP  increased rapidly, with both the middle class and the rich gaining ground.

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