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.
I would note that a net of nearly 40 million jobs were added between 1980 and 2000. You know what’s happened since then: lower tax rates and far lower job creation.
I could copy and paste the whole article as he makes strong argument after strong argument based on factual reality and not emotional response. (probably the same way he invest his money).
I will include a couple of links to this commentary as it is on the New York Times website and I am not certain how their paywall will affect the links.
Warren Buffet
Warren Buffet
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