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Old 11-13-2007, 06:03 PM
adios adios is offline
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Join Date: Sep 2002
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Default Re: Warren Buffet\'s Stance on Taxes

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I think most people would prefer if the rich at least paid the same taxes as the poor and middle class. There are a lot others who would be in favor of higher taxes on the rich than the poor.

I think corporations should pay higher taxes. I also think Warren should pay more taxes than I do. If I save an extra 1% of my salary, it will affect my life much more than if Warren saves.

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Where the heck did you get the idea that the middle class and the poor pay more taxes than the rich? Of course you don't define any of them i.e. what constitutes being rich, middle class and/or poor. According to the NTU the breakdown on who pays what in Federal income taxes is:

Who pays what in taxes

The top 1% of income earners pay 40% of the Federal income taxes levied against individuals. The top 50% pay 97%. IMO you might conclude that the upper middle class and the rich pay more than 50% of the Federal income tax. No way, no is it right that the poor and middle class are shouldering more of the tax burden than the wealthy.
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