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Executive Investigator
Tracking and Analyzing Executive Salaries, Bonuses, and Perks
# Wednesday, June 27, 2007
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

Wednesday, June 27, 2007 5:10:27 PM UTC  #    Comments [0]  |  Trackback
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