Mr. Buffett recently stated that, in effect, he paid less taxes than he should be required to. He is certainly entitled to his opinion and as such he should do something commensurate with his income to assist the US escape the economic turmoil our illustrious politicians have gotten us into. Perhaps he should begin construction of manufacturing facilities in different regions of the country that would provide long term basic jobs for the less skilled, highly skilled (supervisors and the like) and those currently unwilling to work. This might work if he also promoted less government intrusion into the workplace. IE, worker and employer friendly worker comp laws, lower taxes, elimination of personal property taxes on work equipment, and the similar treatment of Union and Non-union facilities. Further, the last I heard the IRS is not returning checks donated by individuals such as Mr. Buffett. Likewise, I didn't see Mr. Obama increase his tax donation when he earned $6 million on the book someone wrote for him. The bottom line----create long term jobs that will increase the tax base and hence increase the tax revenue. And for those of you who would like the facts vs innuendo, the top 5% of wage earners pay 60% of all taxes and the top 1% of wage earners pay more taxes than bottom 95% of all wage earners combined! (1)
WAKE UP AMERICA
(1) http://blog.turbotax.intuit.com/tax-tips/how-is-americas-income-tax-burden-weighted/03032010-2488
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