Warren Buffett wants to tax the Rich but Berkshire Hathaway has unpaid taxes

@bobmnu (8157)
United States
September 8, 2011 1:06am CST
It seems that Warren Buffett wants others to pay higher taxes but his company has back taxes going back to 2002. Before you start demanding that others pay more maybe you should pay what your company owes first. Also he donated $1 billion to the Bill Gates Foundation (a good idea) which is tax deductible and will reduce the amount of taxes he has to pay. What say you should Mr Buffett get his house in order before he tell others what to do. If you want the rich to pay more then you can write a check and pay more. http://www.nypost.com/p/news/opinion/editorials/warren_buffett_hypocrite_E3BsmJmeQVE38q2Woq9yjJ
2 responses
@andy77e (5156)
• United States
8 Sep 11
and further, the IRS has options to donate to the cause. If Mr Buffet demands rich pay more, they why not let him be the first to jump in and donate to the government. Of course he won't. Mr Buffet, like all rich people know that in order to get the government to like them, they need to talk this way. But if the government ever did raise taxes, they have the money and resources to move their money around to avoid those taxes, just as we all would given the option. But it's the poor that can't avoid taxes, so we get screwed, while they avoid. This is why every time you raise taxes, the rich get richer, and the poor get poorer. Better still the poor seem to want to remain that way.
@speakeasy (4171)
• United States
8 Sep 11
"But it's the poor that can't avoid taxes, so we get screwed, while they avoid. This is why every time you raise taxes, the rich get richer, and the poor get poorer. Better still the poor seem to want to remain that way." I am neither poor nor rich (I am stuck just above the poor and well below the rich); and, from where I am sitting, the "poor" aren't paying their fair share of taxes at all. 50% of Americans (POOR, NOT RICH) are either paying no taxes or are actually receiving tax dollars that they never paid. The rich may not be paying as much as some people think they should - but, why should the poor ever try to not be poor when it means they would actually have to pay taxes and not get every penny of that back (or even more than they paid in).
@andy77e (5156)
• United States
9 Sep 11
Well... that's both true and false at the exact same time. It depends on what party you are in, and what position you are trying to defend. Social Security is in fact a tax. And it's a large tax on the poor. 15% actually. And then if you earn between $17K to $60K, you get nailed with another 15%. So the poor are easily paying 30% in taxes when they earn as little as $25K. The problem is, depending on what party and argument you are trying to make, you can claim the poor pay no tax. For example, if I pass a tax law the tries to punish the wealthy, such as Obama, you would claim that SS is not a tax "but a retirement investment" and then with deductions, the poor pay no tax. Of course, it's all a game of relative truth in politics. In reality, we should all have equal taxes, and no deductions. Everyone should pay the exact same amount. Say 10%. Everyone should pay exactly 10%. If you make $20K, you should pay $2K in taxes. If you make $200K you should pay $20K in taxes. Everyone should lose the exact same percentage of their income. As for 'why should the poor try to be rich'... The poor that are going to try, are going to try anyway. The question is how hard are we going to make it to be rich? The less taxes we put in front of poor people, the more that are able to move up. And conversely.
@bobmnu (8157)
• United States
9 Sep 11
speakeasy what is more disturbing is many of those who get more back than is withheld feel THEY ARE PAYING TAXES and should be entitled to a bigger tax cut. I am leaning toward a flat tax that is connected to the Gross National Product and puts limits on spending by Congress and applies to all income including food stamps, general assistance and all the other assistance that government hands out. That would be truly sharing the sacrifice.
@Netsbridge (3253)
• United States
10 Sep 11
Warren Buffett is living in his bonus years. The Bible tells us the human full life is 70 years. When most conscientious people get to be 70 and over, they show gratitude by becoming philanthropists (especially if they had not been earlier). I think Warren Buffett's assertion is simply his own way of wanting to give back to society.