Quote:
Originally Posted by 4X4
I see what you guys are saying, but I disagree. IMO, taxes should be applied evenly to all. 20% or something like that.
The reason guys like Warren Buffet pay less taxes is because of loopholes and accountants that know where to find them. Those loopholes should be closed. That would be a lot more fair than punishing people who make more money.
|
Actually Buffett doesn't benefit from loopholes all that much. What he benefits from is a big pile of dividend-paying equity. Since that is the vast majority of his income, the US tax code rewards him with a low low low 15% rate.