Monday, August 15, 2011


Buffett, who is estimated to be worth more than $47 billion, called on Congress to commit to "shared sacrifice" and raise taxes on people earning more than $1 million. Buffett said the rich are "coddled" by Congress "as if we were spotted owls or some other endangered species."

The billionaire said he paid about $7 million in payroll and income taxes last year. That is about 17.4 percent of his taxable income, a lower proportion than any of the other 20 people in his office whose tax burdens range from 33 percent to 41 percent, he said.

"My friends and I have been coddled long enough by a billionaire-friendly Congress. It's time for our government to get serious about shared sacrifice," Buffett wrote.

Read more of his comments here.


hokgardner said...

I pink puffy heart him.

yogurt said...

With a shiny cherry on top.

knittergran said...

I think the other top two percent have an idea that there is a First Bank of the Hereafter and so they think they CAN take it with them.