The world’s 3rd richest man:
… Last year my federal tax bill — the income tax I paid, as well as payroll taxes paid by me and on my behalf — was $6,938,744. That sounds like a lot of money. But what I paid was only 17.4 percent of my taxable income — and that’s actually a lower percentage than was paid by any of the other 20 people in our office. Their tax burdens ranged from 33 percent to 41 percent and averaged 36 percent. …
read more in the NY Times
Buffett pays a lower tax rate than his cleaning lady.
The mega-rich should pay higher taxes, certainly. But that’s only going to solve a tiny fraction of the American Debt problem.
… I only link to this as it’s so hilarious to hear Fox Business’s Eric Bolling ask:
… if Buffett, one of the great capitalists of all time, is “completely a socialist” …
Fox News – fair and balanced. 🙂
Right.
