Re: Warren Buffet\'s Stance on Taxes
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You might want to read what Buffett is saying if you want to rebut it. His main point is that when adding payroll taxes to the income tax on wages, the marginal rate on someone making 50k is much higher than that of a wealthy person who is past the FICA limit (about 95k this year) and making a good bit of his/her money from capital gains (taxed at 15%, not 36%).
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Could you explain this a bit for me then? I'm not sure what you mean by the FICA limit.
This was the other reason I wanted to start this thread was to get some insight on what part of the tax structure Warren Buffet is talking about.
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