UI News: Expert: 'Buffett Rule' would need tie to capital gains to affect millionaires

NEWS Archives A Minute With Illinois in the News Slide Shows Videos PUBLICATIONS Inside Illinois Postmarks ABOUT THE BUREAU

News Bureau 507 E. Green St. Suite 345 Champaign, IL 61820 217-333-1085 news@illinois.edu Today's News
from the UNIVERSITY OF ILLINOIS AT URBANA-CHAMPAIGN

02/06/12

EXPERT: ‘BUFFETT RULE’ WOULD NEED TIE TO CAPITAL GAINS TO AFFECT MILLIONAIRES
A so-called “Buffett Rule” that would create a higher minimum tax rate for those with income greater than $1 million per year would have little effect on the taxes of the real-life Warren Buffett unless it takes capital gains into account, says a University of Illinois expert on taxation.
More...

The News Bureau is a unit of Public Affairs news.illinois.edu