Posted on 08/15/2011 8:28:35 AM PDT by SeekAndFind
Buffet is misleading the people. His tax rate is lower than most income earners because most of his income is dividend income (taxed at 15%). What Mr. Buffet fails to tell you is that corporate income(from which the dividend income is derived) has already been subjected to a tax of 35%. So, in effect Mr. Buffet is paying 50%....and he thinks that is too low? Well, if he does think it is too low....then there is nothing preventing him from paying more.
This weakling is pandering to the liberal mainstream press. What a loser!
If you read the article, he stated his belief that people making >$1 million / year should get the hike. I don’t think that qualifies as middle class, unless you have high standards.
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