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And you're dishonest in claiming the rich pay 'nothing' in taxes when in fact they pay more in a year than you and I could hope to pay in our lifetimes.
I didn't say they pay nothing (it said practically nothing as it was a comparison to other tax bracket tax rates). I say those in charge have set the rules to allow them to unfairly lower their marginal tax rate over what the rest of the people have to pay. And it's true. Buffet pays a lower marginal tax rate than his secretary. The same is true with most of the people of that level. Buffet has a million dollar challenge for people in the top 1% if they pay a higher tax rate than their secretaries. No one has taken him up on it. The rules are set this way.
Buffett blasts system that lets him pay less tax than secretary - Times Online
Warren Buffett, the third-richest man in the world, has criticised the US tax system for allowing him to pay a lower rate than his secretary and his cleaner.
Speaking at a $4,600-a-seat fundraiser in New York for Senator Hillary Clinton, Mr Buffett, who is worth an estimated $52 billion (£26 billion), said: “The 400 of us [here] pay a lower part of our income in taxes than our receptionists do, or our cleaning ladies, for that matter. If you’re in the luckiest 1 per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent.”
Mr Buffett said that he was taxed at 17.7 per cent on the $46 million he made last year, without trying to avoid paying higher taxes, while his secretary, who earned $60,000, was taxed at 30 per cent. Mr Buffett told his audience, which included John Mack, the chairman of Morgan Stanley, and Alan Patricof, the founder of the US branch of Apax Partners, that US government policy had accentuated a disparity of wealth that hurt the economy by stifling opportunity and motivation.
The comments are among the most signficant yet in a debate raging on both sides of the Atlantic about growing income inequality and how the super-wealthy are taxed.
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