Tax Increases
I should pay more tax, says US billionaire Warren Buffett — The Guardian
The United States’ second-richest man is asking to pay more taxes.
Warren Buffett, the famous investor known as the “Sage of Omaha”, has complained that he pays a lower rate of tax than any of his staff - including his receptionist. Mr Buffett, who is worth an estimated $52bn (£25bn), said: “The taxation system has tilted towards the rich and away from the middle class in the last 10 years. It’s dramatic; I don’t think it’s appreciated and I think it should be addressed.”
Something that I’ve never understood is why there isn’t one extra field on tax returns: “Voluntary tax amount.” Every so often we get these news stories where the rich-rich (the ultra-super-mega-rich) want to pay more taxes. For the love of everything that is holy, let these people pay more taxes! All it takes is an extra field asking them how much extra they want to pay.
This is what I can’t stand:
A leading Democrat, the Harlem congressman Charlie Rangel, published alternative plans this week that would impose a 4% surcharge on people earning more than $200,000 a year, while delivering tax relief to 90 million working families.
What kind of flunkie failed fourth-grade math to somehow relate these two figures? A quick calculation shows me that people that make $200,000 per year make 0.000003846% what Warren Buffett is worth. These two groups can’t even remotely be considered in the same galaxy; hell, these two groups can’t even be considered the same planet. (To put this in perspective, a person worth $50,000 is worth the same proportionate amount when compared with someone making $.19 per year.) Maybe instead we need a “4% surcharge” (read: 4% tax increase) on those people worth $50 billion or more.
If Warren Buffett wants to pay more tax then let him; however, don’t use a man who is worth more than my city to show me that other, demonstrably unrelated, groups need to pay more.


