Warren Buffett, the third wealthiest man in the world with a net worth of around $80 billion, is demanding the U.S. government make the rich like him pay higher taxes and says they should no longer be protected like endangered “spotted owls.”
Warren’s own spotty logic shines through here: Stop Coddling the Super-Rich because he only paid $6,938,744 in federal taxes last year.
Last year my federal tax bill — the income tax I paid, as well as payroll taxes paid by me and on my behalf — was $6,938,744. That sounds like a lot of money. But what I paid was only 17.4 percent of my taxable income — and that’s actually a lower percentage than was paid by any of the other 20 people in our office. Their tax burdens ranged from 33 percent to 41 percent and averaged 36 percent.
Well, I’m so glad Warren rounded up to the nearest dollar. However, to the best of my knowledge, Buffett has never made his tax returns public, so who knows?
Warren, dearest, you can stop bellyaching and start preaching by example: Give ALL your money to the federal government. Every red cent. I asked you to do it last year, and you’ve kept me waiting.
Step up to the plate, Warren.
I beg you.
Here’s the address, Warren,
Gifts to the United States U.S. Department of the Treasury Credit Accounting Branch 3700 East-West Highway, Room 6D37 Hyattsville, MD 20782
If you send it via FedEx they’ll have it by Wednesday morning.