Decius wrote:
] ] And our receptionist? She'd still be paying about 30
] ] percent, which means she would be contributing about 10
] ] times the proportion of her income that I would to such
] ] government pursuits as fighting terrorism, waging wars
] ] and supporting the elderly. Let me repeat the point: Her
] ] overall federal tax rate would be 10 times what my rate
] ] would be.

I saw this and thought that it was a great thought (especially coming from Buffett), but the problem is that even though Warren's tax rate is 1/10 his receptionist's, his tax bill is an order of magnitude greater than his receptionist's. Nice try.

Yes, tax cuts always favor the rich. Don't ever listen to anyone tell you otherwise. Whether that actually helps stimulate the economy is anyone's guess.

I'm glad that it's only for 5 years. I think the dividend tax is the dumbest thing I've ever heard. It will skew investment into brick n morter business instead of technology, and will likely pull technology companies into issuing a dividend instead of investing in R&D. Dumb dumb dumb. Especially now that it looks like the economy is starting to turn around.

RE: [IP] Buffett on dividend taxes