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Wednesday, August 17, 2011

Has anyone told ...

... Mr Buffet that he's perfectly able to pay more taxes?

But for those making more than $1 million — there were 236,883 such households in 2009 — I would raise rates immediately on taxable income in excess of $1 million, including, of course, dividends and capital gains. And for those who make $10 million or more — there were 8,274 in 2009 — I would suggest an additional increase in rate.

Buffet points out that in 2010 he paid just under $7 million in federal taxes; if he's so undertaxed, why didn't he write the check for an even $10 million?

To be so smart, Warren Buffet really isn't that smart.

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