New York Times Op Ed By Warren E. Buffet
August 14, 2011
"…Last year my federal tax bill — the income tax I paid, as well as payroll taxes paid by me and on my behalf — was $6,938,744. That sounds like a lot of money. But what I paid was only 17.4 percent of my taxable income — and that’s actually a lower percentage than was paid by any of the other 20 people in our office. Their tax burdens ranged from 33 percent to 41 percent and averaged 36 percent.
If you make money with money, as some of my super-rich friends do, your percentage may be a bit lower than mine. But if you earn money from a job, your percentage will surely exceed mine — most likely by a lot.…"
http://www.nytimes.com/2011/08/15/opinion/stop-coddling-the-super-rich.html?_r=1&ref=contributors
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2 comments:
And then if you choose to live in another country you can pay two taxes - but it's a "small" price to pay. - Margy
Mr. Kahn,
I know this will be kind of off topic, but i was wondering if you would care to comment on my situation. I recently graduated college with a degree in Business Administration from the University of San Diego. I played baseball their for five years and have been an athlete all of my life. I recently got a desk job working for a very good and profitable company selling software.
I am currently feeling a little unfulfilled at this position and don't really think I am cut out for a desk job. I am very interested in becoming a framer of houses or customer home builder. I was wondering if you could share for me your transition from a business job to becoming a contractor? Where would I start if I have no experience in building before?
My current job I believe has higher pay potentials, but I believe I would be more passionate about working with my hands in something. Anyways, thank you for your time.
Much Respect,
23 year-old trying to find his way
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