Soaking the Rich: Why Warren Buffett is All Wet

There has been a lot of discussion lately about taxing the “rich” among us. In a recent ABC News interview, Nebraska’s own Warren Buffett stole a line from Dickens’ character Oliver Twist — “Please, sir, I want some more.” Oliver, an eight-year-old orphan, sought another portion of gruel at the workhouse where he was brought [...]

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The beginning of the double-dip recession in sight?

Beginning January 2011 when the Bush tax cuts expire; On or about Jan. 1, 2011, federal, state and local tax rates are scheduled to rise quite sharply. President George W. Bush’s tax cuts expire on that date, meaning that the highest federal personal income tax rate will go 39.6% from 35%, the highest federal dividend [...]

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