Tax Policy Center

Warren Buffett

Campaigns, Proposals, and Reforms: TaxVox

What Trump’s and Buffett’s tax returns say about how the wealthy are taxed

The individual income tax has never taxed the very wealthy much. Donald Trump may have claimed huge losses starting in the early-1990s, but, like other...
October 12, 2016C. Eugene Steuerle
: TaxVox

A Billionaire Saves, Two Words Disappear, and Three Provisions Protect

There’s more than one way to skin a cat (and reduce taxes). Warren Buffett, chairman of Berkshire Hathaway, has made a swap for Procter & Gamble’s interest in Duracell. The “cash-rich split-off” means that Berkshire Hathaway bought Duracell in exchange for its appreciated P&G stock, worth $
November 14, 2014Renu Zaretsky
: TaxVox

Tax Policy in September: Racing to a Grinding Halt?

Have it your way… unless you’re Burger King. Five Senate Democrats—Illinois’ Dick Durbin, Michigan’s Carl Levin, Rhode Island’s Jack Reed, Vermont’s Bernie Sanders and Ohio’s Sherrod Brown—asked Burger King to not move its legal headquarters to lower-tax Canada. They accused it of trying to avoid
September 12, 2014Renu Zaretsky
Individual Taxes: TaxVox

Raising Taxes on the Rich

This afternoon, I moderated an interesting Tax Policy Center panel on taxing the rich. With the Senate about to debate a Buffett tax on millionaires,...
April 12, 2012Howard Gleckman
Individual Taxes: TaxVox

How Would the Buffett Rule Affect Marginal Tax Rates?

The Paying a Fair Share Act of 2012 (PFSA) – Congress’ first crack at legislating the Buffett rule – would apply a broad-based 30 percent...
February 14, 2012Dan Baneman
Individual Taxes: TaxVox

A Buffett Rule Proposal in Congress

In his State of the Union speech, President Obama’s called for a new law that would require high-income people to pay at least 30 percent...
February 9, 2012Roberton C. Williams
Individual Taxes: TaxVox

Obama’s Buffett Rule: Keep Your Eye on Capital Gains

President Obama didn’t quite get around to saying so when he rolled out his latest deficit reduction plan on Monday, but his Buffett Rule —that...
September 22, 2011Howard Gleckman
Federal Budget and Economy: TaxVox

Debating the Buffett Rule

On Monday, the Administration released its deficit reduction blueprint . One part of the Administration’s proposal, which has received enormous attention, is that the Joint...
September 22, 2011Samuel BrownWilliam G. GaleAdam Looney
Individual Taxes: TaxVox

Why Investors Pay Less Tax than the Rest of Us

After I wrote last week about Warren Buffett’s New York Times op-ed on the low tax rates paid by wealthy investors, Tax Policy Center visiting...
August 31, 2011Roberton C. Williams
Individual Taxes: TaxVox

Was Buffett Right? Do Workers Pay More Tax than Their Bosses?

When Warren Buffett called for higher taxes on the wealthy in a New York Times op-ed last week, the billionaire investor argued that he and...
August 23, 2011Roberton C. Williams