Stop Coddling the Super-Rich

[sega4life]

HappySqurriel said:

sega4life said:

HappySqurriel said:

Warren Buffet pays so little tax because he can afford a team of accountants to ensure that he pays as little tax as possible, and increasing tax rates will likely result in this team of accountants finding a way to avoid paying the bulk of the increase; often by shifting his earnings to lower taxed regions around the world.

On top of that, Buffet's call for higher taxes will likely result in higher income taxes and Warren Buffet (and most billionares) doesn't earn income; and this will mostly result in higher taxes for successful small businesses which drive most economic growth and hiring, while leaving billionares completely free of increased taxation.

So you didn't read the article I take it....

I read the article on Yahoo and the Globe and Mail ...

He talked about how little taxes he pays and how taxes should be increased on the super rich, but he is paying so little taxes because he is using tax-loopholes to avoid paying taxes. If he wants to pay higher taxes he could simply STOP USING LOOPHOLES and pay higher taxes. If tax rates are increased he probably won't pay significantly higher taxes because he will have the money to afford to pay a team of accountants to continue to find loopholes for him to not pay higher taxes.

I see the article as a 'Call' to close the loopholes.

Big company is on the same boat, Boeing, Citigroup, Exxon Mobil, Bank of America, General Electric, pay no Federal taxes