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So the "Buffet rule" raises rates?If the problem is loopholes then lets talk about that loophole. But lets all remember that the rate and the loopholes are completely different things. It makes no sense to complain about loopholes and then to talk about raising the rate. Yes you are right the rate is a far cry from a loophole.So, what is the loophole that buffet used? The largest one is the charitable giving exemption.Really? Is anyone really considering removing the exemption that helps the poor? The exemption that is a direct result of the constitutional principle of the state not making laws that punish religious activity? The exemption that is also a direct result of the principle of free speech? The changes that would be required in the tax code to make eliminating such an exemption practical and right are so severe they would never happen.
So the "Buffet rule" raises rates?
If the problem is loopholes then lets talk about that loophole. But lets all remember that the rate and the loopholes are completely different things. It makes no sense to complain about loopholes and then to talk about raising the rate. Yes you are right the rate is a far cry from a loophole.
So, what is the loophole that buffet used? The largest one is the charitable giving exemption.
Really? Is anyone really considering removing the exemption that helps the poor? The exemption that is a direct result of the constitutional principle of the state not making laws that punish religious activity? The exemption that is also a direct result of the principle of free speech? The changes that would be required in the tax code to make eliminating such an exemption practical and right are so severe they would never happen.