In response to:

Buffettitis -- Is There a Cure?

Quintus_T_Cicero Wrote: Nov 29, 2012 8:11 AM
If Buffett wants to give the government more of his money, nothing's stopping him from doing so. In fact he can just cut a check to the U.S. Treasury and mail it in.
Jay Wye Wrote: Nov 29, 2012 8:16 AM
it's not mandatory that a taxpayer take all the deductions allowed.
Buffet could just pay the straight tax,not take any deductions.
But,NOOOOO,he pays CPAs and lawyers to find every possible deduction,shelter and loophole,to avoid paying taxes as much as possible.
Quintus_T_Cicero Wrote: Nov 29, 2012 8:21 AM
And owes millions in back taxes which he is fighting.

Once again, billionaire investor Warren Buffett urges his fellow high-on-the-hoggers to pay more in taxes. "Only in Grover Norquist's imagination," says Buffett, do taxes make much of a difference in how people invest. "So let's forget about the rich and ultra-rich going on strike and stuffing their ample funds under their mattresses if -- gasp -- capital gains rates and ordinary income rates are increased. The ultra-rich, including me, will forever pursue investment opportunities. ...

"We need Congress, right now, to enact a minimum tax on high incomes. I would suggest 30 percent of taxable income between $1 million...