Not Paying Enough Taxes?
Warren Buffet, in an interview with Tom Brokaw, recently said that he thinks he is not paying enough in taxes.
Really?
With the millions upon millions of dollars Warren Buffet makes each year he spends more on accountants to avoid paying taxes than I make in a year! In fact he says he only pays 17.7% of his income in taxes. Those accountants are good! If Warren Buffet really thinks that he is not paying enough in taxes, why does he not fire the accountants he pays to look for tax saving loopholes? He makes donations to charities and then pays accountants to make sure he does not pay taxes on that money.
So, if he really thinks he is not paying enough he could save all kinds of money on accountants and simply pay the amount charged without his many loopholes and tax deductions. Then if he still thinks he is not paying enough he could simply write a check to the federal government and I am sure they would cash it and spend the money without regard for whether or not he “owes” the money in taxes.
There you go, problem solved.
I must be a financial genius to be able to solve such a monumental financial problem plaguing one of the richest men in the world. If Warren would like to compensate me for this brilliant financial advice, I, like the government, would gladly cash any check he wished to send my way.
Well, of course that is not what Warren Buffet meant. He does not really believe that he is not paying enough taxes. He believes that YOU are not paying enough taxes, and he is willing to pay a little more than he is now, though no more than his accountants can get him out of paying, to see to it that YOU pay enough taxes.
I would even be willing to bet the money I make a week against the money Mr. Buffet makes in a week that he has even had his accountants write things off of his taxes that most of us would not do because it would seem too shady, perhaps even illegal.
Mr. Buffet, put your money where your mouth is. Pay whatever percentage of your income you wish in taxes and stop complaining that you are not paying enough. After all, you can volunteer all of your money you wish, but you need the federal government to “volunteer” other people’s money at the point of a gun, and that is what you are really after anyway, isn’t it?
Read more about it.
http://www.huffingtonpost.com/2007/10/30/watch-warren-buffett-cal_n_70455.html
Think for yourself.
Make up your own mind.
Really?
With the millions upon millions of dollars Warren Buffet makes each year he spends more on accountants to avoid paying taxes than I make in a year! In fact he says he only pays 17.7% of his income in taxes. Those accountants are good! If Warren Buffet really thinks that he is not paying enough in taxes, why does he not fire the accountants he pays to look for tax saving loopholes? He makes donations to charities and then pays accountants to make sure he does not pay taxes on that money.
So, if he really thinks he is not paying enough he could save all kinds of money on accountants and simply pay the amount charged without his many loopholes and tax deductions. Then if he still thinks he is not paying enough he could simply write a check to the federal government and I am sure they would cash it and spend the money without regard for whether or not he “owes” the money in taxes.
There you go, problem solved.
I must be a financial genius to be able to solve such a monumental financial problem plaguing one of the richest men in the world. If Warren would like to compensate me for this brilliant financial advice, I, like the government, would gladly cash any check he wished to send my way.
Well, of course that is not what Warren Buffet meant. He does not really believe that he is not paying enough taxes. He believes that YOU are not paying enough taxes, and he is willing to pay a little more than he is now, though no more than his accountants can get him out of paying, to see to it that YOU pay enough taxes.
I would even be willing to bet the money I make a week against the money Mr. Buffet makes in a week that he has even had his accountants write things off of his taxes that most of us would not do because it would seem too shady, perhaps even illegal.
Mr. Buffet, put your money where your mouth is. Pay whatever percentage of your income you wish in taxes and stop complaining that you are not paying enough. After all, you can volunteer all of your money you wish, but you need the federal government to “volunteer” other people’s money at the point of a gun, and that is what you are really after anyway, isn’t it?
Read more about it.
http://www.huffingtonpost.com/2007/10/30/watch-warren-buffett-cal_n_70455.html
Think for yourself.
Make up your own mind.
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