Tuesday, December 30, 2008

Billionaire Stands Up for Secretaries Everywhere

Warren Buffet is the third-richest man in the world, and even he's fed up with the way secretaries are taxed.

At an appearance here in New York last week, the 76-year-old billionaire gave a personal example. Last year, his very own secretary forked over 30% of her $60,000 yearly income in taxes. Meanwhile, he only paid 17.7% of his $46 million in taxes (and that's without playing any of the usual tricks-of-the-rich to avoid taxes).

Buffet doesn't think it's fair. Said he, “If you're in the luckiest 1 percent of humanity, you owe it to the rest of humanity to think about the other 99 percent.”

Source: www.argyabusador.blogspot.com