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An Associated Press analysis of the Buffett Tax on millionaires shows that it would bring only about $3 billion each year in new revenue to the Unites States Treasury. That amount in comparison is very small. Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins Fox Business’ Varney & Co. to discuss how his wealthy clients view this new analysis and what will happen with this tax.
Ed Butowsky is the managing partner of Chapwood Investment Management and is an internationally recognized expert in the investment wealth management industry. Ed is also a frequent guest on other networks such as CNN, NBC, ABC, Fox News, Fox Business, and Bloomberg to name a few.
Tags: associated press, buffett tax, financial advisor, fox business, performance, portfolio, sharpe ratio, tax the wealthy, united states treasury, us treasury, wealth manager