Thursday, June 28, 2007

That's a lot of money

Warren Buffett hosted a Hillary Clinton fund raiser Tuesday and disclosed that he paid 17.7% of his 46 million dollars of income.

His complaint? That he paid a lesser percentage of his income than his receptionist who had to pay 30% of her income on a $60,000 wage.

Thoughts.......

1) His receptionist needs my business card. There's no way she paid that much unless you count FICA, state and local taxes.

2) Warren, why don't you give your receptionist a raise? Trust me... you can afford it.

3) 17.7% of 46 million is 8.1 million dollars in tax. You need a tax cut.

4) Warren, no one says you can't pay more in tax. Have your accountant re do your return and add a mill or two to the bottom line and kick it in to the Treasury.

I'll never get rich guys who complain that they don't pay enough. If you don't think you pay enough.... pay more. I have yet to see anyone turn down more money. Especially Hillary Clinton.

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