Warren Buffett is back at it … whining that his taxes are too low.
In a NY Times op-ed he says:
For those making more than $1 million — there were 236,883 such households in 2009 — I would raise rates immediately on taxable income in excess of $1 million, including, of course, dividends and capital gains.
And for those who make $10 million or more — there were 8,274 in 2009 — I would suggest an additional increase in rate.
My friends and I have been coddled long enough by a billionaire-friendly Congress. It’s time for our government to get serious about shared sacrifice.
Since Warren won’t just pony up extra dough to the Treasury (why not?), I suggest that:
- All personal wealth (not income !) over $1 billion should be confiscated immediately.
- Tax-dodging charitable deductions from estates greater than, say, $5 million, should be eliminated.
No, I’m not serious about the first idea … though, it would be nice to clarify the distinction between income & wealth … and, it would be fun to see the fattest of the fat cats squirm.
I am serious about eliminating the estate deduction for charitable gifts.
That would get Warren whining another tune.
You see, he’s reported to be bequeathing most of his estate to his buddy & fellow fat-cat Bill Gates’ foundation.
Let’s see, he ducks a lot of estate taxes, just by channeling money to his mega-rich buddy.
Sounds like a loophole to me.
Mr. Buffett: why not pay your fair share and then ship after-tax dollars to your friend, Bill.
Let’s really end the coddling …
The Homa Files 
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