Comments on: Warren Buffett fights for the middle class http://www.christianpf.com/warren-buffett-fights-for-the-middle-class/ Christian Personal Finance - Financial help, debt help and other financial resources Sat, 21 Nov 2009 08:03:07 -0600 hourly 1 By: Robert Lavoie http://www.christianpf.com/warren-buffett-fights-for-the-middle-class/comment-page-1/#comment-13284 Robert Lavoie Sun, 07 Jun 2009 05:37:15 +0000 http://www.christianpf.com/warren-buffett-fights-for-the-middle-class/#comment-13284 Why should the rich pay more taxes than anyone else (as a percentage of their income)? They already pay a vast majority of the total taxes. Pretty soon they will just move out and leave the middle class to pay for the poor. I don't know why Warren Buffett says he doesn't pay enough tax, but he can always send in a little extra if he feels guilty. check out the article below: http://www.heritage.org/Research/Taxes/BG1253.cfm Key information from the IRS: Myth: The rich don't pay their fair share. Reality: According to data from the Internal Revenue Service, 15 the top 1 percent of earners pays more than 30 percent of the income tax burden; the top 10 percent pay more than 60 percent; and the top 25 percent pay more than 80 percent. The bottom 50 percent of income earners, on the other hand, pay less than 5 percent of income taxes (see Chart 10). Best Regards, Robert Lavoie CPA Why should the rich pay more taxes than anyone else (as a percentage of their income)? They already pay a vast majority of the total taxes. Pretty soon they will just move out and leave the middle class to pay for the poor. I don’t know why Warren Buffett says he doesn’t pay enough tax, but he can always send in a little extra if he feels guilty.

check out the article below:
http://www.heritage.org/Research/Taxes/BG1253.cfm
Key information from the IRS:
Myth: The rich don’t pay their fair share.
Reality: According to data from the Internal Revenue Service, 15 the top 1 percent of earners pays more than 30 percent of the income tax burden; the top 10 percent pay more than 60 percent; and the top 25 percent pay more than 80 percent. The bottom 50 percent of income earners, on the other hand, pay less than 5 percent of income taxes (see Chart 10).
Best Regards,
Robert Lavoie CPA

]]> By: Bob Bliss http://www.christianpf.com/warren-buffett-fights-for-the-middle-class/comment-page-1/#comment-3937 Bob Bliss Mon, 12 May 2008 02:55:37 +0000 http://www.christianpf.com/warren-buffett-fights-for-the-middle-class/#comment-3937 My quibble isn't that their wages are fair or not but I think he fudged the tax rates or that they make more than the average person. In order for someone to be paying 32% they have to be making more than $100,000.00. If that is true then they are in at least the top 2% of wage earners in our country. My adjusted gross was in the neighborhood of $54,000 and I paid 6.5%. So either his office workers don't know much about taxes or they make pretty good wages or he was fudging the tax rates. My quibble isn’t that their wages are fair or not but I think he fudged the tax rates or that they make more than the average person. In order for someone to be paying 32% they have to be making more than $100,000.00. If that is true then they are in at least the top 2% of wage earners in our country. My adjusted gross was in the neighborhood of $54,000 and I paid 6.5%. So either his office workers don’t know much about taxes or they make pretty good wages or he was fudging the tax rates.

]]> By: bob http://www.christianpf.com/warren-buffett-fights-for-the-middle-class/comment-page-1/#comment-3925 bob Sat, 10 May 2008 15:02:35 +0000 http://www.christianpf.com/warren-buffett-fights-for-the-middle-class/#comment-3925 It would be interesting to know, but I would bet that it is a fair wage. It probably isn't higher than average, but I would think just from reading about him that it is fair. I think I heard that Buffett still only has a salary of $100,000 a year - the same that he has had for decades. This is quite different than just about every other CEO in the country who makes millions or tens of millions regardless of performance. It would be interesting to know, but I would bet that it is a fair wage. It probably isn’t higher than average, but I would think just from reading about him that it is fair.

I think I heard that Buffett still only has a salary of $100,000 a year – the same that he has had for decades. This is quite different than just about every other CEO in the country who makes millions or tens of millions regardless of performance.

]]> By: Bob Bliss http://www.christianpf.com/warren-buffett-fights-for-the-middle-class/comment-page-1/#comment-3881 Bob Bliss Thu, 08 May 2008 12:48:47 +0000 http://www.christianpf.com/warren-buffett-fights-for-the-middle-class/#comment-3881 Buffett should reveal the average yearly wage for his office staff as well as their tax rate. Buffett should reveal the average yearly wage for his office staff as well as their tax rate.

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