So, once again Warren Buffet is pushing the idea that the “Super Rich” should pay much more in taxes than they do currently. My response…
So, what’s stopping them?
Do we really need a bunch of new tax laws enacted (wow, that’s a can-o-worms I would just as soon avoid) to get them to take action?
Tell ya what, Mr. Buffet. Why don’t you get all of the Super Rich together, and come to some sort of agreement about how you want to handle the situation? It would be like some sort of fun Super Rich convention.
You could all agree to do something to bail this country out of its current situation, and then you could all pat yourselves on that back and bask in the praise about how selfless and patriotic you are. It would be amazing!
Here’s some ideas to get you started:
You could all voluntarily add a surcharge of 10% or more to whatever tax amount you have to pay.
You could all send the IRS a check with a note that says, “I am freely giving this to the people of the United States”.
You could all give your high paid accountants a “tax season off” and not take all of your write-offs.
And, perhaps best of all – you could file your tax returns using the standard 1040-A form and just take the standard deductions. Boy, would that do the trick or what? You bet you’d pay – you’d pay a lot more than you do now. It’s an easy solution.
Related articles
Warren Buffet wants 30% minimal tax for the wealthy(rt.com)
Why Does Warren Buffet Think It’s OK To Raise Taxes On The Very Rich?(frugalpig.com)
Maybe Warren Buffet doesn’t know much economics Tom Smith(rightcoast.typepad.com)
A “Buffet Tax” Resolution(volokh.com)
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