Warren's Wrong on U.S. Taxes

Forbes, Steve
November 2007
Forbes Asia;11/26/2007, Vol. 3 Issue 20, p15
The author reflects on the comments made by investor Warren Buffett that rich people have lower tax rates than corporate receptionists and other middle-class U.S. citizens. He states that Buffett has deliberately mixing up the income tax with the Social Security portion of the payroll tax. He mentions that if Buffett had focused on the need to reform the U.S. tax code, he would be on sound ground. He adds that the incomprehensible, corrupting code has been an abomination for decades and a simple flat tax is the answer.


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