When one of the world’s most wealthy individuals and arguably one of the world’s most successful investors tells you that you’re being soft on him when it comes to taxes, I think that we should all take the time to listen to what he has to say. Buffett’s much quoted op ed piece in the New York Times said in no uncertain terms, “stop coddling the super rich.” He went on to say, “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.” As an investor Buffett pays only a 15% Federal tax on his gains, while the rest of us, you and me included, pay up to 25%. If you don’t believe me go look at your last paycheck.
Listen to Buffet in his won words in the video below.