Warren Buffet slammed the tax differential between the rich and poor yesterday during his charity benefit for Hilary Clinton. Buffett cited himself, the third-richest person in the world, as an
example. Last year, he was taxed at 17.7 percent on his
taxable income of more than $46 million. Meanwhile, his receptionist was taxed at
about 30 percent! Buffett said that this was despite the fact that he was not trying to avoid
paying higher taxes - that is, he doesn't use tax shelters. He then
challenged Congress and his audience to see what the people who "clean
our offices" are taxed and compare that to the rich in America - it's simply not a fair system. This is just another example of the despairity between the rich and poor, whether it be in terms of executive compensation granted by corporations or taxes levied by the government