Thursday, June 28, 2007

Warren Buffet Pays Less Tax Than His Secretary

Warren Buffet pays 18% tax on his $48,000,000 income while his secretary pays 30% tax on her $60,000 income

TaxProf Blog: Warren Buffet Pays 17.7% Tax Rate; His Employees Pay 32.9%

A complicated tax code benefits the rich. Their accountants and lawyers find loopholes for them that the poor cannot afford to take advantage of. Laws designed to aid the middle class tax burden are inevitably taken advantage of by the wealthy. Simple, easy to understand laws are the best way to aid the underclasses. Being able to understand your rights without hiring expensive lawyers is the best way to level the playing field.

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