If Buffett really believes his bs he could
1) pay himself more salary and less unearned income so his taxes go up
2) give tons of his money to the government
I know that the class warfare envious types want to cyber fellate Buffett for his faux altruism. But the fact remains the guy wants to buy the love of the slow witted, the ne'er do wells and the failures in order to gain more power.
Buffett wants to harm the "merely rich" in order to gain more power for the uber wealthy
Buffett pays the highest tax rates possible on LIKE income-a fact that his toadies appear not to have the intellect to understand or the honesty to admit
What a wonderful policy....
Man sells company for $100m
Man pays cap gains tax on sale, $100m * 65% = $65m net proceeds
Man dies and estate pays estate tax, $65 * 45% = $29.25m transferred to family
Uncle Sam screws man and his family out of $70.750m .......... 70.75% redistribution of private property to welfare beggars and socialists
Wow, that is one brilliant strategy to motivate folks to risk their capital to build valuable companies that create jobs. If the way to increase the number of job creators is to raise the cost of success, why not go all-in and simply say "once you build a valuable company, it will become an asset of the State". I am telling you this, you liberals sure have a firm grasp on what it takes to improve the economy.
I love the smell of burning moonbat in the morning.
and there are sound reasons why Long term capital gains are taxed much lower than what the uber rich pay on salaries
Most people don't come close to paying an effective rate of 15% on salaries
and why do those who often have the most responsibility and work the hardest in the most complex professions pay a much higher rate on their salary income than those who are in mindless jobs that require no risk, and no long years of training?
your silly argument fails. Doctors and airline pilots and those running major corporations pay much higher rates than burger flippers, union bots and others who have much less taxing occupations