BLOOMBERG: The Obama administration put a “Buffett Rule” calculator on the White House website today to pressure Congress to adopt tax law changes it said would ensure millionaires pay their “fair share.” …
The Buffett rule, named for billionaire investor Warren Buffett, would require a minimum tax rate of 30 percent on taxpayers with at least $2 million in adjusted gross income and impose the increase on a sliding scale on incomes between $1 million and $2 million.
Tapping the influence of the Internet, the White House website featured a “Buffett Rule Calculator” on its main page. With a few keystrokes, the average taxpayer can find out “how many millionaires pay a lower effective tax rate than you.” … (more)
