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Warren Buffett and the Corrupting of the American Soul

jd111 Wrote: Dec 02, 2012 6:30 PM
Top 1% Garner 16.9% of all income, but pay 36.73% of all income taxes Top 5% Garner 31.7% of all income, but pay 58.66% of all income taxes Top 10% Garner 43.2% of all income, but pay 70.47% of all income taxes Top 25% Garner 65.8% of all income, but pay 87.30% of all income taxes Top 50% Garner 86.5% of all income, but pay 97.75% of all income taxes Bottom 50% Garner 13.5% of all income, but pay only 2.25% of all income taxes
“Bottom line…would raising taxes on the wealthiest Americans have a chilling effect on hiring?”

It was Matt Lauer’s final interview question for his guest, on last Tuesday’s episode of NBC-TV’s “Today” show.

“No,” the guest adamantly replied. “No… and I think it would have a great effect in terms of the morale of the middle class..”

The guest was famed investor Warren Buffett, CEO of the Berkshire Hathaway holding company and a personal friend of President Obama (and by the way, did you know that Obama calls him, and not the other way around? Mr. Buffett would...

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