May
2012
Monday, August 15, 2011
WARREN E. BUFFETT, The New York Times

Warren Buffet: Stop Coddling the Super-Rich

Warren Buffet writes a revealing article and plea to OUR leaders asking them to stop giving the mega-rich absurd tax breaks.

[excerpt] OUR leaders have asked for “shared sacrifice.” But when they did the asking, they spared me. I checked with my mega-rich friends to learn what pain they were expecting. They, too, were left untouched.

The rich often don't pay themselves a salary to avoid having to pay income tax, but they pay a paltry 15% tax on capital gains. By contrast, the average wage-earner pays up to 41% in income tax with an average tax liabilty of 36%. How is this "shared sacrifice"?

READ THIS ARTICLE 

Posted by Editor on 08/15/11 at 12:03 PM •  (0) Comments

Tags:  wealth, politics,

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