The Buffet Tax
Submitted: September 29, 2011
In 1969, Joe Barr, the last of LBJ’s Treasury Secretary’s (he served only 30 days) became famous. He testified before Congress that 21 millionaires had paid no income tax in 1967. A taxpayer ‘revolt’ was at hand. Congress, in an effort to chase down those 21, created the Minimum Tax of 1969. Ultimately this became what you and […]
