[WarEagle]

It's been pretty amazing to me that Buffett and Gates both are seemingly business and financial geniuses, but babes in the woods about politics and what really makes our economy work.

Buffett is the proof that one can be both an idiot and an genius at the same time.

And of course, Buffett's income is sheltered and structured so that if the tax burden shifts more to the upper brackets than today, he will not have to pay one penny more. Methinks he's a hypocrite, too.

[The South Texan]

“And of course, Buffett’s income is sheltered and structured so that if the tax burden shifts more to the upper brackets than today, he will not have to pay one penny more. Methinks he’s a hypocrite, too”

BINGO!!!

And of course the reason he won’t pay an estate tax when he passes on is he is putting all of his excess cash into foundations.

[vbmoneyspender]

Buffett and Gates are pull-up-the-ladder guys.

[sam_paine]

And of course, Buffett's income is sheltered and structured so that if the tax burden shifts more to the upper brackets than today, he will not have to pay one penny more.

Perhaps he knows this?

Moving to 'tax the ultra-rich' would effectively pit the IRS against the one group who can correctly deal with them via taxshelter shell games.

In effect, there are no multi-billionaires vis-a-vis the income tax segments. Gate and Buffet have 'reasonable' salaries, but their real 'wealth' is all at arms length.

So moving the tax burden to these non-existant people would (1) satisfy the class warfarists, and (2) reduce the taxes on the mid-class, too, while (3) not really gaining anything for the spenders in Washington.

[weegee]

When the fatcat rich a&&holes on the Left stop sheltering their money from the taxes they think “rich people” need to pay more of, I will concede that they are at least being honest in their sincerity of playing class war politics.

[phs3]

Buffet isn't stupid.
Berkshire Hathaway is an insurance company that pretty much gets a 25% return. So if your a millionaire and want to leave it to your family, you take out a policy with him and he pretty much guarantees a return of your wealth to your benefactors tax free.

[rightinthemiddle]

The ultra-wealthy often succumb to “liberal guilt.”

They become out of touch with the real world.

[Sprite518]

You get it at the end. Buffet has a guilt feeling, and so he believe he can appeal to people by pretending that the tax should be rich more. However, we all know he is full of $hit. If he really believed what he said, then he could give away all his money and keep just a few million or even one billion. The guy is a fake when it comes to taxes.