Let’s Make A New “Buffett Rule”

In 2012, billionaire liberal Warren Buffett came to the rescue of President Obama by arguing, as a billionaire, for tax increases on the rich. Mr. Buffett proposed what he called “The Buffett Rule”, which would apply a minimum tax rate of 30 percent on individuals who make more than $1,000,000 a year. Mr. Buffett, being the selfless bleeding heart liberal billionaire Wall Street insider that he is, proposed this after being so distraught at the fact that his secretary paid a higher effective tax rate than he did. How exactly did Warren Buffett get to pay a lower effective tax