A Quote by Warren Buffett
The woman that comes in, takes the wastebasket away, she's paying 15.3 or whatever it is on payroll tax alone. I mean it is - I never had it so good.
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I've never had it so good in terms of taxes. I am paying the lowest tax rate that I've ever paid in my life. Now, that's crazy. And if you look at the Forbes 400, they are paying a lower rate, accounting payroll taxes, than their secretary or whomever around their office. On average. And so I think that actually people in my situation should be paying more tax. I think the rest of the country should be paying less.
I love to tell how I'm suffering because one percent we're paying 25 percent of the total. We're not paying 25 percent of the total taxes on individuals. We're paying maybe 25 percent of the income tax, but the payroll tax is over a third of the receipts of the federal government. And they don't take that from me on capital gains. They don't take that from me on dividends. They take from the woman who comes in and takes the wastebaskets out.
I mean the truth is, I've never had it so good in terms of taxes. I am paying the lowest tax rate that I've ever paid in my life.
We were giving advice for the single-worst idea to come forward from a group that's been rife with them, it would be this: The idea is this: Let's make the tax code of America better for very rich people; let's give substantial tax relief to the richest people we can find. Forget about the person making $40,000 a year and paying Social Security payroll tax. Forget about all those other people paying income tax; we're here to give tax relief to the richest 2% of America.
The capital gains tax is 15 percent now. So I sit there in my office and I make a lot of money by capital gains, and I pay 15 percent, and I pay no payroll tax on it.
We're paying maybe 25 percent of the income tax, but the payroll tax is over a third of the receipts of the federal government. And they don't take that from me on capital gains. They don't take that from me on dividends.
More retirees, longer life expectancy, larger benefits, and fewer workers - these trends have meant substantial increases in the payroll tax. Since the social security program began, the payroll tax has increased more than 500 percent.
Betty White is a riot. She is a good time! That is the bottom line: Betty White is a good time. She is really an incredible woman. She is so kind. She doesn't have one mean bone in her body, and she is the funniest woman in the room always. And you'll never hear one complaint from her.
All I'm doing is I'm filling out my tax returns - or my accountants are, and I'm paying whatever I'm supposed to pay, though I'm giving away a large amount of the money and that probably lowers my tax rate because I'm giving away so much money. But change the law, but don't blame me for the law. I'm not writing the law. I didn't write the law.
In 2010 the U.S. will have a payroll tax rate increase, an estate tax increase, and income tax increases. There's also a tax increase coming in 2010 on carried interest. This rate will rise from its current level of 15 percent to 35 percent, and then it will rise again in 2011.
I'm all for lifting the payroll-tax cap, if only to make payroll taxes a little less regressive.
We were the leaders of a company at the age of 15 with lawyers, tax advisers and managers around us, all on our payroll. A huge chunk of responsibility rested on our shoulders, which at the same time was a good thing since we hate superiors.
My mother was very passionate about life and she would do anything for us. And she had to fight alone to raise us. We never had a lot of money for extras or anything. She had to work six days a week, and then she would do breakfast, lunch and dinner. She was a super-woman! For me, I don't know how she did it with three kids.
A strong woman who recklessly throws away her strength, she is worse than a weak woman who has never had any strength to throw away.
She did not want to be that woman - the one of whom they spoke. She had never planned to be that woman. Somehow, it had happened, however...somehow, she had lost her way and, without realizing it, she had chosen this staid, boring life instead of a different, more adventurous one.
Bathsheba loved Troy in the way that only self-reliant women love when they abandon their self-reliance. When a strong woman recklessly throws away her strength she is worse than a weak woman who has never any strength to throw away. One source of her inadequacy is the novelty of the occasion. She has never had practice in making the best of such a condition. Weakness is doubly weak by being new.
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