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Feb 10 2012

Why Warren Buffett Doesn’t Mind Paying Higher Taxes

Agitating for still higher taxation is a small price to pay for favors from Big Government like the nixing of the Keystone XL pipeline when you consider that Warren Buffett would only be paying them on 1% of his income:

In a now-famous August 14, 2011 New York Times op-ed, billionaire Warren Buffett called for tax rates to be raised “immediately on taxable incomes in excess of $1 million, including, of course, dividends and capital gains.” The key word here is “taxable.”

When Buffett’s high-price accountants are done with the books, his taxable income looks like this:

buffett-taxable-income

The Pecksniffian zillionaire commie who declares that our tax code isn’t sufficiently progressive gives new meaning to the term One Percenter. But don’t expect Occupy Wall Street moonbats to lay siege to his mansion.

friends-obama.  friends-buffett
Crony capitalists can afford to be generous with their friends.

On a tip from Mary.




7 Responses to “Why Warren Buffett Doesn’t Mind Paying Higher Taxes”

  1. AC says:

    Not surprising, he’s a crony socialist. Reason recently exposed his history in detail

  2. 762x51 says:

    Buffett isn’t paying his taxes now so why would he care if the rates get raised? He is over a billion dollars in default on income taxes and the IRS is doing NOTHING to him. I wonder if hi shilling for the criminal Obama’s tax delusion has anything to do with it? Meanwhile, how many middle class families who owe a few thousand and are broke is the IRS hosing everyday?

    Just because these assholes are in power does not mean they can anything they want. They will not stop until we stop them, by force of arms.

  3. Bob Roberts says:

    Actually he’s been in court for some time fighting an attempt by the IRS to collect taxes owed, but that doesn’t stop him from complaining about not being taxed enough, though curiously it does somehow stop him from making a voluntary additional payment to bring down the national debt.

  4. Sgt Stadenko says:

    Warren Buffet may be a “world-class investor”, but he also a world-class hypocrite: he famously pays himself a mere $100,000 a year (which is what he pays taxes on, but see, he can live so modestly…) and then has the temerity to complain loudly in the Media that people like him should be paying more taxes.

    No matter what happens, he will continue to use every trick a billionaire can find to avoid paying, ahhhh… I should say: pay not one red cent more than he absolutely must…

  5. TTommy says:

    Buffett is a world class hypocrite. He’s made enough for countless lifetimes, so what’s he care about how much taxes he pays? The rest of are just trying to make enough for one lifetime so it directly impacts us. And if he’s such a fan of paying taxes, why does he have a team of accountants fighting taxes he owes but never paid from years ago. He’s become irrelevant.

  6. Bloodless Coup says:

    From The Birther Report…

    Judicial Watch Founder To Take On Obama Ballot Access Challenges In Florida and California

    http://obamareleaseyourrecords.blogspot.com/2012/02/attorney-larry-klayman-to-take-on-obama.html

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