slow news: even warren wants to pay
slow news – May Day 2008
Taxes, Warren Buffett, and Paying My Fair Share
By Justin Wolfers (Freakonomics Blog)
I don’t care how much I have to harp on this shit. Our economy is scary bad right now. We need to be talking about this every day. And forget traditional measures like the value of the dollar, the Dow Jones, or GNP growth. How are real wages doing? How much revolving credit is the average American carrying? Who is our tax structure favoring?
Well, crazy rich, high character guy Warren Buffett (Omaha in the house?) is thinking about the last question. He discovered that he pays a lower tax rate than his secretary. Freakonomics explores the issue. NBA blogger and ca personal hero, Henry Abbott, makes a connection, noting, “I’d be fascinated to see someone in the NBA pick up this theme: who pays a higher percentage of income in Federal Tax? LeBron James, or a Cavaliers’ receptionist?”
Omaha is in the house! I can practically see Buffett’s modest home from my office window, which is not exactly in the swanky part of town.
Hawkinstone
May 1, 2008 at 4:49 pm