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re: Interesting Article from the Oracle of Ohama

Posted on 10/17/08 at 10:57 am to
Posted by LSUtoOmaha
Nashville
Member since Apr 2004
26588 posts
Posted on 10/17/08 at 10:57 am to
Buffett thinks he should pay more taxes on his spending income, not gross income. His message is not hypocritical, you just aren't comprehending it correctly.
Posted by Meauxjeaux
98836 posts including my alters
Member since Jun 2005
40436 posts
Posted on 10/17/08 at 11:27 am to
quote:

Buffett thinks he should pay more taxes on his spending income, not gross income.


Regardless of which income it is, what is stopping him from paying more taxes? Just write the check already...
Posted by igoringa
South Mississippi
Member since Jun 2007
11877 posts
Posted on 10/17/08 at 11:30 am to
quote:

Buffett thinks he should pay more taxes on his spending income, not gross income. His message is not hypocritical, you just aren't comprehending it correctly.


I can comprehend when someone says he should pay more in taxes and does not. Calculating a MINIMUM tax liability does not mean that is all you can pay. He is a big boy, he knows that... yet seems to conveniently ignore it along with his other 'we want to pay more' friends. Right the check or you are a hypocrite.

He has the power to pay to the penny what he wants to as long as it is above his minimum tax liability.
Posted by Colonel Hapablap
Mostly Harmless
Member since Nov 2003
28791 posts
Posted on 10/17/08 at 11:43 am to
quote:

Buffett thinks he should pay more taxes on his spending income, not gross income.

that sounds a lot like a sales tax.
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