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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: joseffy who wrote (625813)	8/25/2011 12:45:05 PM
From: Tenchusatsu	1 Recommendation Read Replies (1) \| Respond to of 1578370

Joseffy, I think this part needs to be highlighted: > Buffett lamented that the $6,938,744 he forked over in federal income and payroll taxes in 2010 amounted to just 17.4 percent of his taxable income. ... The top 1 percent faced an average rate of 29.5 percent. Buffett didn't just wake up one morning and discover that he was being taxed less than his fellow "top 1 percent." His overall tax burden is low because he made it that way. I keep trying to tell the liberals. He'll never give up maximizing his own returns. And that means taking advantage of every tax break available to him. Really disingenuous of him to say, "Oh please tax me more" when he'll just avoid taxes whenever possible. The truth is that he wants to force his fellow billionaires to pay more taxes as well. But they'll just do the same thing he does. Reallocate funds and put their money in tax shelters like charity and trust funds. Tenchusatsu