Warren Buffet "stop coddling billionaires"

Armistead · 08-15-11, 12:14 PM

Admits he pays a lower tax rate than most his low paid workers.

http://www.globalpost.com/dispatch/n...ational-debt-t

Betonov · 08-15-11, 12:29 PM

Quote:

Most of those people, he claimed, "wouldn’t mind" being told to pay more taxes.

A volunteer tax

I like this guy

flatsixes · 08-15-11, 12:59 PM

Who, pray tell, is preventing Warren Buffet from paying more taxes? Jeezus, Warren, if it help you sleep, just tell your accountants to skip past your deductions and pay the full marginal rate on your income. Still got money burning a hole in your pocket? Send a check to the Dept. of the Treasury marked "for deficit reduction." They'll cash it before lunch.

Really, Mr. Buffet, why don't you tell the world the real reason that you're marginal rate is so low is the fact that your company, Berkshire Hathaway, doesn't pay dividends! In other words, Mr. Buffet, you're only paying taxes on your salaried income until you cash in some of your vast holdings and get socked with capital gains.

Nice trick, but we're not all stupid.

kraznyi_oktjabr · 08-15-11, 01:07 PM

Quote:

Originally Posted by Warren Buffet

I have worked with investors for 60 years and I have yet to see anyone — not even when capital gains rates were 39.9 percent in 1976-77 — shy away from a sensible investment because of the tax rate on the potential gain. People invest to make money, and potential taxes have never scared them off.

Nice to hear this from billionaire's mouth!

08-15-11, 12:14 PM	#1
Armistead Rear Admiral Join Date: Dec 2008 Location: on the Dan Posts: 10,880 Downloads: 364 Uploads: 0	Warren Buffet "stop coddling billionaires" Admits he pays a lower tax rate than most his low paid workers. http://www.globalpost.com/dispatch/n...ational-debt-t

08-15-11, 12:59 PM	#3
flatsixes Weps Join Date: Jan 2009 Location: Virginia Posts: 362 Downloads: 8 Uploads: 0	Who, pray tell, is preventing Warren Buffet from paying more taxes? Jeezus, Warren, if it help you sleep, just tell your accountants to skip past your deductions and pay the full marginal rate on your income. Still got money burning a hole in your pocket? Send a check to the Dept. of the Treasury marked "for deficit reduction." They'll cash it before lunch. Really, Mr. Buffet, why don't you tell the world the real reason that you're marginal rate is so low is the fact that your company, Berkshire Hathaway, doesn't pay dividends! In other words, Mr. Buffet, you're only paying taxes on your salaried income until you cash in some of your vast holdings and get socked with capital gains. Nice trick, but we're not all stupid.