Multi-billionaire Warren Buffett has been complaining for years that his taxes are too low. In June 2007, he said he was taxed at only 17.7% last year on his $46 million in income, while his secretary paid 30% of her $60,000. “The taxation system has tilted toward the rich and away from the middle class in the last 10 years,” Buffett, the nation’s third richest man, said.
Buffett did an informal survey of federal taxes paid by his own office staff, and the average was 32.9%, compared to his 17.7%. “There wasn’t anybody in the office, from the receptionists on, that paid as low a tax rate,” Buffett stated, noting that “I have no tax planning, I don’t have an accountant, I don’t have tax shelters.”
“It’s not right,” one of Buffett’s receptionist’s said. Hmmm….