Buffett donates $1.5 billion to Gates Foundation | Reuters
Warren Buffett Donates $1.78 Billion to Charity | ecorazzi.com :: the latest in green gossip
BBC NEWS | Business | Buffett donates $37bn to charity
Buffett Donates $1.6 Billion in Biggest Gift Since 2008 Crisis - Businessweek
Of course, making "donations" and paying what you're legally obligated to pay are two entirely different things. For starters, you don't go to jail if you make generous donations... but try tax evasion for a lengthy period of time and see if they don't make you bunkmates with Wesley Snipes. Bottom line, the tax codes in this country are skewed and wealthy people need to pay their appropriate share. Period. If this is the country they want to "live in" because it allows them to be as wealthy as they want to be, stop whining and pay your percentages, then you can go back to your money grubbing ways and shut up. But whatever... you would have been better off if you just came out and said that you're greedy.
Awaiting the usual "welfare recipient" comments in response. You know it's coming!
Fuck Buffet giving money to his pal Gates to help continue a tax exempt evil empire of influence!
That $37 Billion would have attracted $7-15 billion of tax if he had realized it upon the sale of his assets, instead of avoiding the tax to give to Bill's evil minions!
Therefore, Gate's private interests have trumped any relief domestic Americans might have received. $15 billion would have paid for all social medical programs for a week.
I am all for entrepreneurship, & its sponsorship - but for interest & capital gains to be taxed at a lower rate than actual earned income is a bloody crime. Blood, sweat & tears from labour should be taxed less than income earned sitting in your chair playing with yourself.
Re Osbourne trying to reduce the top rate - I've said this before, I'll say it again - though some people didn't follow it.
The top rate of tax can be extended, & all that extra taxation,( say 10%) used as an investment in entrepreneurs,held for them for a 10 year period to encourage domestic enterprise. (it may go up or down - but they'll get something back).
At least that way - the taxpayer has an investment, a stake in the economy, & domestic industries get a boost, instead of all that capital, generated domestically, fleeing internationally.
Anyone who wants to leave - FUCK OFF, & rip up your citizenship on the way out - you can be replaced.