Replies to post #328928 on Zeev's Turnips Talk Politics (ZTTP)

[woofer]

NEW YORK, June 26 -- Warren E. Buffett was his usual folksy self Tuesday night at a fundraiser for Sen. Hillary Rodham Clinton (D-N.Y.) as he slammed a system that allows the very rich to pay taxes at a lower rate than the middle class.

Buffett cited himself, the third-richest person in the world, as an example. Last year, Buffett said, he was taxed at 17.7 percent on his taxable income of more than $46 million. His receptionist was taxed at about 30 percent.
http://www.washingtonpost.com/wp-dyn/content/article/2007/06/27/AR2007062700097.html

I think it was Buffet , this year that stated - his administrative assistant pays more taxes than he does -
"That is just not right " - direct from his mouth .

Also - many other rich politicians & rich famous people have said the same thing in a different way ..
"I don't need the tax cut " .. " Why am I getting it " ??

[benzdealeror2]

Good GOD!!!

He said she pays a higher percentage. His income is derived from interest and capital gains.....He is taxed at 15%.....She is taxed at about 22%.

She made $50K and her taxable income was around $34K after deductions.

She paid $7K in taxes

Buffet make 250 Million and payed $38 Million.

Just an example. Dont know if the income is correct