Thursday, February 28, 2008

Warren Buffett, Flat Taxes, Nivi

Nice pull, Nivi: Warren Buffett on taxes:

"The system is tilted towards the rich. . . We need to flatten income and payroll taxes, and those making under $30,000 shouldn’t be bothered. . . the best way to stimulate the economy is to give money to the poor. They will spend it.”

Us progressives keep talking about staying away from a flat tax - well, first we need to get to a flat tax - payroll taxes capped at the first $100K in salary? We tend to forget just how regressive to tax regime is in the U.S. - to say nothing of progressive, or even flat.

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