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by BSeward
5419 days ago
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Warren Buffett's argument was "anecdotally the über-rich wouldn't mind paying more and (demonstratively?) won't invest in US markets in markedly different ways". That other sundry taxes are out there doesn't seem like it matters in that context. |
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1. Anecdotally the über-rich wouldn't mind paying more and won't invest in US markets in markedly different ways
2. The über-rich aren't paying their fair share of taxes because their tax percentage is much smaller than everyone else.
The first point is a good one, but it's the second point that the Forbes article is criticising - and to my mind rightly so. Why shouldn't you include corporate income tax and sales tax when it comes to calculating a person's tax percentage? I'd love to hear Warren Buffett's response to this criticism.