Skip to comments.Warren Buffett Does Not Endorse WH's "Buffett Rule"
Posted on 09/30/2011 8:52:33 AM PDT by Beave Meister
CNBC: "Are you happy that the way it is being described. Is the program that the White House has presented a million dollars and over your program? "
Warren Buffett: "Well, the precise program which will -- I don't know what their program will be. My program would be on the very high incomes that are taxed very low. Not just high incomes. Somebody making $50 million a year playing baseball, his taxes won't change. Make $50 million a year appearing on television, his income won't change. But, if they make a lot of money and pay a very low tax rate, like me, it would be changed by a minimum tax that would only bring them up to what other people pay."
CNBC: "Does that mean you disagree with the president's new jobs proposal which would be paid for by raising taxes on households with incomes of over $250,000."
Buffett: "That's another program that I won't be discussing. My program is to have a tax on ultra-rich people who are very tax rates. Not just all rich people. It would probably apply to 50,000 people in a population of 300 million."
(Excerpt) Read more at realclearpolitics.com ...
The senile old coot would be considered a disgrace by his sensible father, Howard Buffett.
So, in the end, Buffet cannot describe what he’s talking about. Just a vague idea that people with higher incomes should pay taxes at a higher rate, as though we don’t have a progressive income tax (after you take its complexity into account), when the fact is that we do.
It has to be very embarrassing when you finally realize that the communists are using you as one of their key useful idiots and campaign props.
Warren Buffett = Tax Criminal....
hey buffett- before you tell others they should pay more, pony up the $1bill in back taxes your company has cheated the country out if since 2002...
Senile is right. He makes no sense whatsoever
this commie is so stupid he has never heard of the Alternative Minimum Tax (AMT) which was created by congress to tax just a handful of the ultra rich who used the tax policies created by congress, to lawfully pay no income tax. Congress, of course, mismanaged that law on purpose, and it no ensnares deep into the middle class.
Buffett, you commie, there is already tax law that was designed to do this - so you want the overly complicated tax system to have a second AMT???
buffett = soros; he just never had the chance to be a nazi collaborator, he is probably angry about that.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.