Billionare Warren Buffet says that he does not pay enough income tax

Started by PaulGuelph, Aug 16, 2011, 04:37 AM

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"Billionaire investor Warren Buffett is calling on the "mega-rich" to pay more in taxes.

Buffett said Monday in a New York Times opinion piece that he would immediately raise rates on households with taxable income of more than $1 million, and he would add an additional increase for those making $10 million or more.

He also recommends that the 12 members of Congress charged with devising a deficit-cutting plan leave rates for 99.7 percent of taxpayers unchanged.

"My friends and I have been coddled long enough by a billionaire-friendly Congress," Buffett wrote. "

P.S. He pays only 17% income tax.
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But want to bet he doesn't pay a penny more than he has to? You CAN pay more than you owe if you want but look at those who call for increases and you will find they do not pay more and also that they tend to do things to avoid taxes like Kerry did with his yacht!

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