Warren Buffett is asking for higher taxes again. Yes, he has admitted, the Gates Foundation will use the money better than the government, but the tax rate he pays is lower than anyone else in his office.
During an interview with NBC television, Mr Buffett brandished an informal survey of 15 of his 18 office staff at his Berkshire Hathaway empire. The billionaire said he was paying 17.7% payroll and income tax, compared with an average in the office of 32.9%.
Buffett’s point seems to be that the tax system is regressive, but maybe he should return to that question about who is a better steward of his money. In the meantime, he can always donate the amount he thinks he should have been taxed. As a reminder, the address to give money to the federal government is:
Gifts to the United States
U.S. Department of the Treasury
Credit Accounting Branch
3700 East-West Highway, Room 6D17
Hyattsville, MD 20782
