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September 01, 2020 10:27am
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How Would the Buffett Rule Affect Marginal Tax Rates?

President Obama’s latest budget endorses a “Buffett rule” – a new floor on taxes paid by folks with very high incomes. His rule would require that “those making over $1 million should pay no less than 30 percent of their income in taxes.” The president didn’t offer many specifics about how the rule would actually work. Up on Capitol [...]
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