A Fair Approach to Taxation Will Have Broad Social Benefits

It’s hard to know what will come of Warren Buffett’s plea for a more just approach to taxation here in the U.S. He certainly did grab the world’s attention a few years ago in his now-famous “Tax Me!” op-ed, in which he pointed out that his own effective federal tax rate was about 17 percent, as contrasted to that of his secretary, which was about 30 percent. To his credit, he made many millions of us aware of the fact tax breaks allow the richest Americans to avoid paying their fair share of personal income tax.

While we’re watching the action in Washington, D.C., here’s a report on corporate tax-payers and tax-dodgers that you may find interesting.