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Old 12-31-2018, 06:28 AM
ColdNoMore ColdNoMore is offline
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Quote:
Originally Posted by Topspinmo View Post
You mean the tax cheat that pays less taxes than his secretary.
Not only is your statement false (he pays a LOT more money in taxes), methinks you need to educate yourself on the difference between a tax "cheat/evasion"...and tax "avoidance."

Hint: One is illegal...the other very legal.

Buffett has stated for years, that he doesn't think it's right that his tax rate (NOT taxes paid, as in your statement)...is lower than his secretary's.

In fact...

Warren Buffett on Tax Reform -- The Motley Fool

Quote:
But don't expect the tax cuts to benefit everyday Americans

While Buffett acknowledges that Berkshire's bottom line will be helped by the new tax law, and he predicts the stock market is likely to rise, that doesn't mean he thinks the GOP's tax-reform bill is in the best interest of the American public.

Buffett recently wrote an article for Time magazine in which he explained why trickle-down economics doesn't really work.

However, Buffett points out that historically, trickle-down economics hasn't had the promised effect.

It may surprise you to learn that Buffett thinks the rich, for the most part, don't pay enough taxes.