Are you a friggin moron or what? Buffet paid lower taxes because he makes his money from dividends which are taxed at a different rate. You want to change the tax code so dividends are taxed at the same rate as employment tax? Neither tax is justified we need to eliminate the IRS and streamline the tax process
Although President Obama and the Democrats have promised to increase taxes on the top 1% wage earners in our country, they are still swimming in cash. Warren Buffet is the perfect example. Yes, capital gains taxes increased to 20%, but the partial payroll tax holiday ended, so both his taxes, and his secretary’s taxes went up this here.
Is it time we adopt the Buffet Rule?
Buffet Rule: millionaires and billionaires like investor Warren Buffett wont pay a lower percentage of their income in federal taxes than middle-class households.
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