WARREN BUFFETT appeared on Charlie Rose last evening shortly after contributing a common sense op-ed piece, Stop Coddling the Super Rich. Here is a brilliant soft-spoken billionaire who speaks a compelling language we can all understand. Politicians including our recent President speak to us with a biased view toward sustaining their survival. Mr. Buffett outlook for America is always positive, he believes there is no better model than a market driven economy. From his point of view Congress has been in the business of protecting he and his rich friends. Last year my federal tax bill (Mr. Buffett) — 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. The word tax has been transformed into revenue this year by politicians but whatever you want to call it, we will all need to make meaningful financial sacrifices.
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