Barack Obama: Rich People Will Pay Minimum 30% Tax Rates

Barack_Obama President Barack Obama’s speech on his State of the Union. Mr Obama said, “Now, you can call this class warfare all you want. But asking a billionaire to pay at least as much as his secretary in taxes? Most Americans would call that common sense.”

This is called Buffet rule where the rich should pay more on taxes. He also stated that there will be higher taxes for corporate if that corporation outsource a job abroad while the company stays in America will get lower taxes. “From now on, every multinational company should have to pay a basic minimum tax. And every penny should go towards lowering taxes for companies that choose to stay here and hire here.” Obama said in his State of the Union speech. read more