Quote Originally Posted by Lady's Human View Post
That's all well and good, but Buffet would be relatively immune from those taxes. He makes relatively little in "income", only $100,000 per year, which doesn't even put him in the top bracket.

You could raise income taxes to 50% and it wouldn't affect him one bit.

If Buffet thinks his taxes are too low, why doesn't he write a check to the IRS?
Quote: "The philanthropist said that his 2010 federal tax bill, including income and payroll taxes, was $6,938,744.


"That sounds like a lot of money," wrote the Omaha, Neb.-based billionaire. "But what I paid was only 17.4% of my taxable income - and that's actually a lower percentage than was paid by any of the other 20 people in our office."

He added that some investment managers were taxed only 15% on billions of dollars in income. He compared that to the middle class, with its income tax bracket of up to 25%."