The Hill: Buffett tells Dems rich need to pay more

Warren Buffett, the renowned investor and the world’s second richest man, told Senate Democrats that wealthy Americans need to pay higher taxes, giving Democrats something to mull as they address healthcare reform and soaring federal deficits. Senate Democrats met with […]

: Two Americas, Two Tax Codes

In the 3/9/09 edition of The New York Times, Emory University tax law professor Dorothy Brown argues that we have two tax codes: one for the very wealthy and one for everyone else: “The question of how to tax capital gains and dividends is one of fundamental fairness. Why should tax law treat income from savings accounts differently from income from a diversified stock portfolio? Either we push up the rates on corporate dividends and capital gains or we lower the rates on wages and interest: it’s all income and it should all be taxed at the same rate.”