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    Warren Buffet on a Just Tax

    By Jeremy | November 30, 2006

    Warren Buffet thinks it's unjust that he, one of the richest men in the world, pays less tax (as a percentage of income) than the secretaries in his office. And he manages to pay less without the benefit of any loophole-stretching tax planning.
    It turned out that Mr. Buffett, with immense income from dividends and capital gains, paid far, far less as a fraction of his income than the secretaries or the clerks or anyone else in his office. Further, in conversation it came up that Mr. Buffett doesn’t use any tax planning at all. He just pays as the Internal Revenue Code requires. “How can this be fair?” he asked of how little he pays relative to his employees. “How can this be right?” Even though I agreed with him, I warned that whenever someone tried to raise the issue, he or she was accused of fomenting class warfare. “There’s class warfare, all right,” Mr. Buffett said, “but it’s my class, the rich class, that’s making war, and we’re winning.”
    Article.

    Topics: economics, justice, taxes, warren buffet | No Comments »

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