[boop]

Much as I hate Warren Buffett, part of the reason his taxes are so low is that he takes a "salary" of $100K/yr. His real "income" comes from investments.

If you REALLY wanted to cause a financial collapse, raise capital gains taxes.

It would stick it to old Warren real good, but everyone else would suffer.

[BTCM]

You just hit the nail directly on the head. Among Dingle Barry’s many tax proposals for fairness is the increase on dividends from 15% to 43%-—this applies to all dividends not just stocks and bonds.

[moneyrunner]

Much as I hate Warren Buffett, part of the reason his taxes are so low is that he takes a "salary" of $100K/yr. His real "income" comes from investments.

People are not thinking creatively enough. My proposal would tax capital gains, dividend income and other tax favored income in excess of some number, like $1 million, at 50%. For everyone else, it stays the same. Problem solved. Plus, it has the advantage of simplifying the tax code. It's a win-win!