How Would Warren Buffett Feel About Paying A Billion Per Year ?

Almost exactly a year ago, I, along with the rest of the tax blogosphere, was writing about Warren Buffett complaining that he wasn’t paying enough taxes. He had paid about seven million. With his current net worth at 44 billion, Mr. Buffett would get change back from a billion under the plan, but he would still be paying quite a bit more than 7 million, actually more than seven hundred million.  Mr. Devany told me about his 2-4-8 plan in a comment on another post.  I challenged him to make a case that a wealth tax (that is the “2”) is actually feasible.  Why don’t you be the judge ?  Be wary though.  People who make intelligent comments on this blog frequently end up being trapped into guest posting.

http://www.forbes.com/sites/peterjreilly/2012/08/17/how-would-warren-buffett-feel-about-paying-a-billion-per-year/