Sometime today President Barack Obama will ask Congress to pass what he calls the “Buffett Rule,” a tax on millionaires that will make sure that those who earn $1 million or more a year will pay at least as much as a percent of their income as do those in the middle class.
About .3 of U.S. taxpayers fall into that category: or, no more than 450,000 out of the 144 million who file returns.
The president calls his idea the Buffett Rule because Omaha billionaire Warren Buffett has repeatedly condemned Congress for “coddling billionaires” by continuing to give…
The curious math of anti-taxers
