| |
Warren Buffett: "I should pay more tax"
by Rattle at 9:47 pm EDT, Oct 30, 2007 |
 The United States' second-richest man has delivered a blunt message to the Bush administration: he wants to pay more tax. Warren Buffett, the famous investor known as the "Sage of Omaha", has complained that he pays a lower rate of tax than any of his staff - including his receptionist. Mr Buffett, who is worth an estimated $52bn (�25bn), said: "The taxation system has tilted towards the rich and away from the middle class in the last 10 years. It's dramatic; I don't think it's appreciated and I think it should be addressed." During an interview with NBC television, Mr Buffett brandished an informal survey of 15 of his 18 office staff at his Berkshire Hathaway empire. The billionaire said he was paying 17.7% payroll and income tax, compared with an average in the office of 32.9%. "There wasn't anyone in the office, from the receptionist up, who paid as low a tax rate and I have no tax planning; I don't have an accountant or use tax shelters. I just follow what the US Congress tells me to do," he said.
|
| |
RE: Warren Buffett: "I should pay more tax"
by Mike the Usurper at 3:03 am EDT, Nov 2, 2007 |
Rattle wrote:
The United States' second-richest man has delivered a blunt message to the Bush administration: he wants to pay more tax. Warren Buffett, the famous investor known as the "Sage of Omaha", has complained that he pays a lower rate of tax than any of his staff - including his receptionist. Mr Buffett, who is worth an estimated $52bn (�25bn), said: "The taxation system has tilted towards the rich and away from the middle class in the last 10 years. It's dramatic; I don't think it's appreciated and I think it should be addressed." During an interview with NBC television, Mr Buffett brandished an informal survey of 15 of his 18 office staff at his Berkshire Hathaway empire. The billionaire said he was paying 17.7% payroll and income tax, compared with an average in the office of 32.9%. "There wasn't anyone in the office, from the receptionist up, who paid as low a tax rate and I have no tax planning; I don't have an accountant or use tax shelters. I just follow what the US Congress tells me to do," he said.
Warren Buffet saying this tells me something is utterly wrong. Buffet is, quite possibly, the smartest financial man on the planet. He's certainly brighter then Bernanke, and probably ahead of Greenspan. When his rate is under that of his receptionist, sans tax fiddlers, something is grossly wrong. |
|
I should pay more tax, says US billionaire Warren Buffett | | Guardian Unlimited Business
by Lost at 5:10 pm EDT, Oct 31, 2007 |
I should pay more tax, says US billionaire Warren Buffett Andrew Clark in New York
Wednesday October 31, 2007
The Guardian Warren Buffett counts the money from his wallet after an employee asked how much money he had in it, during a meeting with workers of TaeguTec, in Daegu, South Korea.
Warren Buffett counts the money from his wallet after an employee asked how much money he had in it, during a meeting with workers of TaeguTec, in Daegu, South Korea. Photograph: Jo Yong-Hak/Reuters
The United States' second-richest man has delivered a blunt message to the Bush administration: he wants to pay more tax. Warren Buffett, the famous investor known as the "Sage of Omaha", has complained that he pays a lower rate of tax than any of his staff - including his receptionist. Mr Buffett, who is worth an estimated $52bn (�25bn), said: "The taxation system has tilted towards the rich and away from the middle class in the last 10 years. It's dramatic; I don't think it's appreciated and I think it should be addressed." Article continues
During an interview with NBC television, Mr Buffett brandished an informal survey of 15 of his 18 office staff at his Berkshire Hathaway empire. The billionaire said he was paying 17.7% payroll and income tax, compared with an average in the office of 32.9%.
|
There is a redundant post from Shannon not displayed in this view.
|
|
