Effective tax rates (meaning actual taxes paid) for the richest Americans AND effective tax rates for the companies they manage are some of the LOWEST tax rates ever paid by those groups in the entire history of our nation. Even the Wall Street Journal has written articles acknowledging in particular how low corporate tax rates are.
Those are the facts.
Buffet (an honest and honorable man) was interviewed by Charlie Rose this week. Buffet stated the above fact, and even though it was to his DISadvantage to acknowlege it on national TV, he had the courage to say (paraphrasing),
“I pay and my company pays a much lower tax rate than my secretary, or the average lower middle class American. Something is deeply wrong with THAT.”
This is one of many reasons Buffet is so well respected. He has the guts and integrity to admit on national TV that rich Americans and our corporations are paying taxes at rates that are TOO LOW.
