The Buffett Rule is a hot topic in the political realm these days. Named after Warren Buffett, the basic premise of the rule is that millionaires (and even billionaires) should not pay a smaller percentage of their income in taxes than their secretaries, who undoubtedly earn significantly less. If the Buffett Rule confuses you, this White House White Board installment by National Economic Council deputy director Brian Deese will help give you a clearer understanding of this often-talked about tax plan.
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