"The 400 of us [here] pay a lower part of our income in taxes than our receptionists do, or our..."
posted by Rick Webb 
on July 27, 2010 at 01:14 AM
Rick Webb
Co-founder, COO : New York
topics: Social Networking and Community, The Networks and the Internet, Installations, Agency Collaboration, and Media Planning
“The 400 of us [here] pay a lower part of our income in taxes than our receptionists do, or our cleaning ladies, for that matter. If you’re in the luckiest 1 per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent.”
p. Mr Buffett said that he was taxed at 17.7 per cent on the $46 million he made last year, without trying to avoid paying higher taxes, while his secretary, who earned $60,000, was taxed at 30 per cent.
Okay I know it’s 3 years old but I love this quote and it’s totally relevant to the discussion of whether or not to let the Bush tax cuts expire at the end of the year. Yeah, okay, everyone hates taxes, but let’s be fair and responsible.
(via emmawelles )
I agree with all of this, except for that outright incorrect headline – Buffet almost certainly paid more taxes than his secretary. It was at a lower rate, but it was definitely a lot more in total.
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Originally posted at http://rickwebb.tumblr.com/post/864633163
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