Warren Buffett demands to pay more tax

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Topic: Warren Buffett demands to pay more tax

lalalinda
Moderator

Posts: 1614
From: nevada
Registered: Apr 2009

posted August 15, 2011 07:25 PM

http://www.bbc.co.uk/news/business-14533987

Who will succeed Warren Buffett?
Warren Buffett has called for Congress to make him and his "mega-rich friends" pay more income tax.

In a piece in the New York Times newspaper, the billionaire investor and philanthropist said the rich should do more to help plug the deficit.

He called for a tax rise for those earning more than $1m (Ł600,000), and a higher rate for those on over $10m.

In a rebuttal of arguments made by Republicans, he said tax rises would not hurt investment or jobs in the US.

He told Congress to "stop coddling the super-rich".

Jwhop

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jwhop
Knowflake

Posts: 4065
From: Madeira Beach, FL USA
Registered: Apr 2009

posted August 18, 2011 11:25 PM

Sorry lalalind. I can't get behind Buffett on this. The rich people Buffet is talking about..the top one percent of earners in America already pay 40% in all income taxes.

They're paying their "fair share" the lots of other people's "fair share" too.

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