Wednesday, August 17, 2011

Buffett urged Congress to increase taxes to the rich | Finance ...

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taking advantage of the occasion, ?Warren? Buffett began to accumulation. In addition, Buffett has stood out, advice on the U.S. Congress on the super-rich like him to raise taxes to help reduce the government budget deficit.

Buffett in ?The New York Times? wrote: ?My friends and I have long been very friendly to the billionaire U.S. Congress is too spoiled, it is common to make sacrifices for the country?s time.? At the same time, Buffett also own a public tax. As billionaire Warren Buffett to the federal government to pay a total of nearly $ 6.94 million in taxes, but the burden of the tax rate is only 17.4%, even lower than his office the other 20 employees.

Buffett suggested that Congress raise taxes on the wealthy, and that this would not dampen investment enthusiasm. Buffett said the U.S. Congress to deal with people on the confidence of the state?s financial problems are rapidly lost, only to take prompt action to prevent the people questioned for the complete transformation of disappointment. In addition, investors in order to make money, no further tax will scare away investors, because he had never seen Who would give up because of the growth rate of a good investment.

?Forbes? magazine recently released a report, Buffett?s wealth today suffer huge losses. ?Forbes? The calculation is based on the current 214 to 88 between the world?s richest tycoons on the changes in the company?s stock, Buffett?s net worth fall by nearly $ 10.7 billion. (Ng Ka Ming)

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Source: http://www.finance-ol.com/2011/08/buffett-urged-congress-to-increase-taxes-to-the-rich/

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