Buffett Urges U.S. to Raise Taxes on ‘Coddled’ Billionaires

Buffett Urges U.S. to Raise Taxes on ‘Coddled’ Billionaires

Nelson Ching/Bloomberg

Warren Buffett said that for those making more than $1 million -- there were 236,883 such households in 2009 -- he would raise rates immediately on taxable income in excess of $1 million, including dividends and capital gains.