An Analysis of the “Buffett Rule”

Hungerford, Thomas L.

Library of Congress. Congressional Research Service.

关键词: Taxation;    Taxpayers;    Personal income tax;    Income tax;   

RP-ID  :  R42043
RP-ID  :  R42043_2011Oct07

美国|英语

来源: UNT Digital Library

【 摘 要 】

This report examines the Buffett rule, but uses a measure of income that captures the ability to pay taxes and incorporates the effect of the corporate income tax in addition to the individual income tax and the payroll tax.The Buffet rule states that "no household making over $1 million annually should pay a smaller share of its income in taxes than middle-class families pay" and is named after Warren Buffett, the chairman of Berkshire Hathaway.The report includes figures, tables, and appendices to illustrate calculations and issues involved with the topic.