Saturday, August 20, 2011

Warren Buffett says, "Tax me more!": The super-rich pay LOWER tax rates!

The Truth-O-Meter Says:
Buffett

The "mega-rich" pay about 15 percent in taxes, while the middle class "fall into the 15 percent and 25 percent income tax brackets, and then are hit with heavy payroll taxes to boot."

Warren Buffett on Sunday, August 14th, 2011 in a "New York Times" op-ed

Warren Buffett says the super-rich pay lower tax rates than others

It's not often you see someone stand up and say, "Tax me more!"
Yet that's just what famed investor Warren Buffett has done in an op-ed in the New York Times headlined, "Stop Coddling the Super-Rich." Buffett says that very wealthy people like himself pay lower tax rates than the middle class, thanks to special tax categories for investment income.

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