Warren Buffett, CEO of Berkshire Hathaway ( NYSE:BRK.A, NYSE:BRK.B) has repeatedly called for higher taxes on the rich. Buffett reiterated it today in a call in an interview with CNBC today. President Obama seizing on the opportunity has called for a Buffett tax on millionaires. Buffett was vocally criticized by Governor of New Jersey, Chris Christie in an ABC ABC interview last week. Christie stated “He should just write a check and shut up. Really. And just contribute. I’m...
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Note 1: I wrote this article before Warren Buffett’s recent comments he made late last week about the “Buffett tax.” Note 2: I try to stay nonpartisan on this site. This is almost impossible especially in this political environment. In general I tend to be centerist in my economic views, and weigh each issue independently instead of taking any party line so it is not as difficult. I have two articles about President Obama’s...
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Bill O’Reilly, FOX News: “Would you deliver the President a message for me personally? You’ve got to stop with Warren Buffet. You got to stop with Warren. Warren is 88 years old or something. He says his secretary pays more tax. It’s not true. He’s talking about two different things.” Jay Carney, White House: “His secretary pays –” O’Reilly: “No, he’s talking about — you know this too, Jay. Don’t try to fool me....
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Taxes are always a heated subject. Some rich feel it is unfair to pay more money for earning more. while many poor, and middle class people think that the rich can afford to pay higher taxes far easier than themselves. Ironically, many ultra-rich people pay lower tax rates than middle class or poor Americans. Warren Buffett is the perfect example. Warren Buffett stated in 2006 (and has repeated the state similar times) that he paid...
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