How much would a Buffett Tax raise?

Robert Samuelson has the numbers:

Obama’s still-vague Buffett Tax would evidently impose a minimum thirty per centum taxation charge per unit of measurement on incomes exceeding $1 million....In September, the Congressional Budget Office estimated the 10-year deficit at $8.5 trillion. The nonpartisan Tax Foundation estimates that a Buffett Tax powerfulness directly heighten $40 billion annually. Citizens for Tax Justice, a liberal group, estimates $50 billion. With economical growth, the 10-year full powerfulness optimistically last $600 billion to $700 billion. It would last a tiny help; that’s all.

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