Pursuits
Millionaires Back Buffett Tax on Wealthy If They’re Exempt
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Millionaires support Warren Buffett’s view that the wealthiest should pay more in taxes, as long as it’s other rich Americans, according to a survey released today.
About 71 percent of millionaires surveyed said they agree with Buffett, chairman and chief executive officer of Omaha, Nebraska-based Berkshire Hathaway Inc., that the very wealthy ought to pay more taxes and give more to charity. That included 49 percent who said that they’re “not in the same league” as Buffett and that the higher taxes shouldn’t apply to them personally, according to the survey from PNC Wealth Management, a unit of Pittsburgh-based PNC Financial Services Group Inc.