Coalition of Billionaires and Super-Rich Tell Obama: Make Us Pay More So the Poor Aren’t Hurt | Alternet

This is the 1% of the 1%:

The group is calling for the implementation of a Responsible Estate Tax proposal that would raise new revenue while spurring deep and damaging budget cuts.

The proposal is significantly stronger than President Barack Obama’s proposal on the estate tax. The rich Americans part of this project are calling for the estate tax level to return to its pre-George W. Bush rates, which would “raise a half a trillion dollars—$536 billion—over 10 years.” Obama’s proposal, on the other hand, “leaves $256 billion of that revenue on the table,” the group says,

The proposal calls for a “4 million per couple exemption and a graduated rate starting at 45%.”

via Coalition of Billionaires and Super-Rich Tell Obama: Make Us Pay More So the Poor Aren’t Hurt | Alternet.

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