Advisory Council Regulatory News Today : Breaking News, Live Updates & Top Stories | Vimarsana

So whats the first thing we do . We tax it. We call it earned income. While another category of income called unearned gets a preferential rate. This is a discussion we need to have. Second point, simplification. A few years back we had a Tax Reform Act here, a number of, it was controversial a number of us voted for it, it passed. Before doing that, i decided to run up the road and see someone who lives near where i do, his name is warren buffett. Warren buffett and i have different philosophical approaches on many things, but he was generous to welcome me to his office, we spept about an hour together, and i wanted to get his look at that tax bill and some other things. In an interesting exchange, he turned around to his credenza, pulled out a file, an old file, pulled out a single piece of paper, and said, jeff, do this. Lets do this. Put the tax code on a piece of paper. Simplification. Now, a tax coat in reality cannot always be cut. It has to be optimized. We have to run the gove

United statesCountry runSan bernardinoWest virginiaNew yorkSan antonioCity ofUnited kingdomAr raqqahCapitol hillDistrict of columbiaDouglas macarthurWarren buffettPhil balianDabe ramRandy neugebauer