Monday, August 15, 2011

Warren Buffet Complains of Being Undertaxed

Poor Warren, he only had to pay $6,938,744 in taxes:

OUR leaders have asked for “shared sacrifice.” But when they did the asking, they spared me. I checked with my mega-rich friends to learn what pain they were expecting. They, too, were left untouched.

Last year my federal tax bill — the income tax I paid, as well as payroll taxes paid by me and on my behalf — was $6,938,744. That sounds like a lot of money. But what I paid was only 17.4 percent of my taxable income — and that’s actually a lower percentage than was paid by any of the other 20 people in our office. Their tax burdens ranged from 33 percent to 41 percent and averaged 36 percent.

Hey stupid. If you're so undertaxed, why don't you send your personal check to your hero Barack? You and George Soros and John Kerry and all the other poor, undertaxed billionaires may donate any portion or even all of your wealth to the federal government.

We don't need sacrifice. What we need is investors putting their money in the private economy. That will do much more good for the economy than giving it to Barack, who has demonstrated his complete incompetence at managing the US economy.

No comments: