Wednesday, August 17, 2011

Warren Buffett pays a lower tax rate than his secretary

Warren Buffett, the 3rd richest man in the world, asks legislators to stop coddling the super-rich in this New York Times op-ed where he welcomes higher taxes.

8 comments:

byron smith said...

While we're talking US budget, this article claims that the US has spent almost $8 trillion on national security over the last decade, and it is questionable how much "safer" the country is as a result.

craigbenno1 said...

I can't read the article; but I think its about time comparative tax was paid.

I also find it interesting that a friend of mine who is an American, living in Australia has to pay tax to America on his Australian earnings if he earns over a certain amount..which from memory was within the 40-50k or above bracket.

byron smith said...

Common Dreams: What is the true cost of war? Trying to do the sums on Iraq & Afghanistan.

byron smith said...

Craig - Hmmm, yes, my mistake for linking to a NYT article, which gives you a limited number of free article views each month (after you have signed up). I've looked for other versions and you can get the gist of the article here or here. Or just search for "warren buffett tax me" for many more summaries.

byron smith said...

SMH: Another summary.

byron smith said...

PBS: Buffett: "There has been class warfare in this country, and my class, the super-rich, have won".

byron smith said...

Politifact: Buffett's comments confirmed.

byron smith said...

CD: Corporate tax dodgers: "78 out of 280 of America’s most profitable companies paid no federal income tax in at least one of the last three years. Thirty of these companies paid a 'less than zero' rate between 2008 and 2010."