Thanks to Bush's Tax Cuts, the 3rd Richest Man In the World Pays A Lower Income Tax Rate Than You Do
posted by
Wally
6:53 AM
While the middle and working classes in America struggle to put food on their families, stretching a stagnant paycheck to meet skyrocketing gas and food prices and exorbitant health care costs and insurance premiums, the Republicans are doing what they can to help out the situation. No, they're not helping out the middle and working classes, they are doing what they can to maintain the situation as it stands. They like having a poor lower class - people to clean their mansions and cook their meals.
Led by Bush and Cheney, the GOP with its tax cut policies is helping the people who don't even know how much gas or food or insurance costs. They are giving money to the people who are so rich that they pay other people to deal with that stuff.Warren E. Buffett was his usual folksy self Tuesday night at a fundraiser for Sen. Hillary Rodham Clinton (D-N.Y.) as he slammed a system that allows the very rich to pay taxes at a lower rate than the middle class.
Buffett cited himself, the third-richest person in the world, as an example. Last year, Buffett said, he was taxed at 17.7 percent on his taxable income of more than $46 million. His receptionist was taxed at about 30 percent.
Buffett said that was despite the fact that he was not trying to avoid paying higher taxes. "I don't have a tax shelter," he said. And he challenged Congress and his audience to see what the people who "clean our offices" are taxed, to loud applause. Meantime, the deficit continues to grow - to the tune of 30,000 for every man, woman, and child in America. But what's 30 grand to a Warren Buffett or a Bill Gates? Especially when he is expected to pay less of it, on a percentage basis, than you are.
Enjoy that $300 rebate
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