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Warren Buffet & Bill Gates Talk Taxes

Even they agree our tax system benefits the wealthy.

submitted by: madest
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Warren Buffet & Bill Gates Talk Taxes. Even they agree our tax system benefits the wealthy.
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Hits: 11482 | Favorites: 4 | Emailed: 9 | Rating: 3.4 | Category: News & Politics | Date: 08/07/2011
 
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Fatninja01
Male, 18-29, Australia
 24481 Posts
Sunday, August 14, 2011 7:51:15 PM
smrt :P

KPres
Male, 30-39, Eastern US
 309 Posts
Saturday, August 13, 2011 9:38:05 AM
"If you were listening, he made a comment about an assistant that has no choice but to pay more in taxes than he does, because said assistant isn't as rich and can`t take advantage of as many loopholes as he can. "

Yeah, that assistant makes like $250,000/year. He/she is rich, too. That`s just a case of one rich person finding more loopholes than another.

Regardless, it`s just an anecdote.

The overall stats show the rich pay a significantly higher percentage than everybody else.

KPres
Male, 30-39, Eastern US
 309 Posts
Saturday, August 13, 2011 9:33:25 AM
"Gates may not have much to say, since he made his money through having a useful product and all that, but Buffett is an investor. He HAS to understand the rules of the world of economics, because he makes his money by playing the game."

Not true. Understanding the stock market =/= understanding the economy. Plus, Buffett is only successful because of his vast network of political connections that give him inside information about upcoming public policy.

KPres
Male, 30-39, Eastern US
 309 Posts
Saturday, August 13, 2011 9:28:08 AM
Too bad both Bill and Warren are demonstrably wrong. Our taxes are progressive no matter how you look at it (statutory, effective, whatever).

Fair tax = flat tax. The rich pay more than their fair share.

MrLill
Male, 18-29, Western US
 359 Posts
Wednesday, August 10, 2011 2:41:56 AM
anytime you hear a windows sound when opening, bill gates makes a dollar.

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