2 ms·

I don't know, but I would assume so. I think most people try to pay the minimum tax they are required to, and I guess that includes Mr Buffet. However, that's

I don't know, but I would assume so. I think most people try to pay the minimum tax they are required to, and I guess that includes Mr Buffet. However, that's not the point. He's not saying "I want to personally pay more tax", he's saying "Why are people like me not being required to pay the same percentage tax as middle-income earners"?

jterce 15y ago
Do you realize that the "same percentage tax as middle-income earners" would be LOWER than what they currently pay? http://en.wikipedia.org/wiki/Income_tax_in_the_United_States#Year_2011_income_brackets_and_tax_rates http://en.wikipedia.org/wiki/Income_tax_in_the_United_States...
- dbingham 15y ago
  Only if you take into account the marginal rates and ignore the many, many breaks and loopholes.
  - camiller 15y ago
    OK, what about the many "breaks and loopholes." for the other tax brackets? I'm in the 25% bracket (Married filing jointly, $68,001 - $137,300) and I paid under 6% effective rate for each of the last few years.
- cpeterso 15y ago
  Buffet is not talking about income tax. He's talking about capital gains taxes, since most wealthy people are making money from investments, not paychecks.