But he doesn't pay income tax, he pays capital gains tax. The best way for him to correct this is to write himself a paycheck, use the "Donate to the Treasury" button on the IRS website & to have Berkshire Hathaway pay the $1 Billion in back taxes they owe the IRS... He is lying & he knows it. He is counting that idiots in this country don't know the difference.
Buffet is a hypocrite. He asks for higher taxes but then goes out and takes advantage of every tax shelter he can. He donated money to Bill Gates foundation but added a contingency clause that retracts the money if the foundation loses its charity tax deduction status. Also, he doesn't factor in the 35% income tax on the companies he owns which cut into his dividends and capital gains. His life insurance companies depend on the estate tax to survive. He is the embodiment of crony capitalism.
If Buffet or any person really believes that their taxes should be raised, they don't have to wait for legislation. They can open up their check books and write out a check for whatever amount they think they need to be paying. The government will accept it. Well, Mr. Buffet, are you gonna write that check out now?
If Warren Buffet wants to pay more taxes all he needs to do is stop paying himself such a low income for job that should be paid millions rather then the 100K he pays himself. The IRS should look into this because not only does he use such a low income to pay less taxes but also all the other taxes that go with higher pay which he clearly deserves because you could not replace him with a person willing to take 100k to run such an emprire.Remember Buffet is a liberal HYPOCRITE! TAX JUST HIM!!!
Just a question...If someone making 1 million dollars a year has to pay somewhere in the ballpark of $324,353.50 in taxes, how much more should they be obligated to pay the Govt. This is not including State taxes, just federal. People will say well they still have over 500,000 when all is said and done but is this the way would should look at the issue? Is that person who is paying over a third of their income not paying their fair share?
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eastbaker 4 weeks ago
But he doesn't pay income tax, he pays capital gains tax. The best way for him to correct this is to write himself a paycheck, use the "Donate to the Treasury" button on the IRS website & to have Berkshire Hathaway pay the $1 Billion in back taxes they owe the IRS... He is lying & he knows it. He is counting that idiots in this country don't know the difference.
greggf2k3 1 month ago
Buffet is a hypocrite. He asks for higher taxes but then goes out and takes advantage of every tax shelter he can. He donated money to Bill Gates foundation but added a contingency clause that retracts the money if the foundation loses its charity tax deduction status. Also, he doesn't factor in the 35% income tax on the companies he owns which cut into his dividends and capital gains. His life insurance companies depend on the estate tax to survive. He is the embodiment of crony capitalism.
anryth 1 month ago
If Buffet or any person really believes that their taxes should be raised, they don't have to wait for legislation. They can open up their check books and write out a check for whatever amount they think they need to be paying. The government will accept it. Well, Mr. Buffet, are you gonna write that check out now?
FiendsInRedSatin1 1 month ago
the point is once you are making billions,billions will follow there is no fluking a billion.
Noleafunburned 2 months ago
What's a fair share?
$60,000 x %30 = $18,000
$100,0000 x %30 = $30,000
1 million x %14 = $140,000
10 million x %14 = $1.4 million
100 million x %14 = $14 million
1 billion x %14 = $140 million
godofwine77 3 months ago
If Warren Buffet wants to pay more taxes all he needs to do is stop paying himself such a low income for job that should be paid millions rather then the 100K he pays himself. The IRS should look into this because not only does he use such a low income to pay less taxes but also all the other taxes that go with higher pay which he clearly deserves because you could not replace him with a person willing to take 100k to run such an emprire.Remember Buffet is a liberal HYPOCRITE! TAX JUST HIM!!!
goldsilverandiamonds 5 months ago
Suggest everyone Google The Following & investigate for onself:
Eleven ways Warren Buffett is lying about Warren Buffett Thursday, Sep 22, 2011 at 11:50 AM EDT
WingThaiJ 5 months ago
Just a question...If someone making 1 million dollars a year has to pay somewhere in the ballpark of $324,353.50 in taxes, how much more should they be obligated to pay the Govt. This is not including State taxes, just federal. People will say well they still have over 500,000 when all is said and done but is this the way would should look at the issue? Is that person who is paying over a third of their income not paying their fair share?
JesusMakeUpMyDyinBed 5 months ago