Peter J. Reilly recently published an article discussing President Obama's plan for job creation and deficit reduction. Reilly focuses on the "Buffett Principle," which is that no family making over $1,000,000 dollars should pay a smaller share of its income in taxes than middle-class families. Mr. Reilly carefully reviews the President's plan and opines that even if the plan is implemented as it stands, Warren Buffett will still be paying a lower percentage than his secretary.
See Peter J. Reilly, "How to Get to 1.5 Trillion Without Getting Warren Buffett to Chip In Very Much," Forbes.com, Sept. 20, 2011.
Posted by William Alan Nelson II, Associate Editor, Wealth Strategies Journal
See Peter J. Reilly, "How to Get to 1.5 Trillion Without Getting Warren Buffett to Chip In Very Much," Forbes.com, Sept. 20, 2011.
Posted by William Alan Nelson II, Associate Editor, Wealth Strategies Journal
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