Buffett Criticizes Efforts to Reduce High-Income Tax Rates: ‘Our Rates Should Go Up’

‘It’s kind of incredible!’

EXCERPT:

BUFFETT: "Well, you can’t really talk about specifics without looking at the whole thing. But if they’re talking about making it revenue-neutral, you know, I think if they’re going to make it revenue-neutral, it ought to be — it ought to be something other than revenue-neutral to the guys like me. Our rates should go up, allowing others to go down somewhat. I think there ought to be minimum taxes for people that make $10 million a year, and a different one at a million a year, but certainly at $10 million a year."

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