Buffett is a boss

Posted on August 15, 2011

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Buffett urges Congress to stop coddling ‘mega-rich’ on taxes – Hawaii News – Staradvertiser.com. Callin people out!

“My friends and I have been coddled long enough by a billionaire-friendly Congress,” Buffett wrote. “It’s time for our government to get serious about shared sacrifice.”

Buffett noted that the mega-rich pay income taxes at a rate of 15 percent on most investment income but practically nothing in payroll taxes. The middle class, meanwhile, typically falls into the 15 percent and 25 percent income tax brackets and is hit with heavy payroll taxes. He said Washington legislators “feel compelled to protect us, much as if we were spotted owls or some other endangered species.”

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Posted in: Capitalism