Analysis of information sources in references of the Wikipedia article "Warren Buffett" in English language version.
A group of the United States' most wealthy citizens have urged Congress to reject a plan by the new Bush administration to phase out taxes on estates and gifts by 2009. ~. Mr Buffett, who himself did not sign the petition because he thought it did not go far enough, said that repealing the estate tax would be a "terrible mistake". It was like "choosing the 2020 Olympic team by picking the eldest sons of the gold-medal winners in the 2000 Olympics". Removing the tax would lead to the creation of an "aristocracy of wealth" instead of a meritocracy, he added.
{{cite web}}: CS1 maint: multiple names: authors list (link){{cite web}}: CS1 maint: multiple names: authors list (link){{cite book}}: |work= ignored (help)In Sunday night's presidential debate in St. Louis, Trump claimed that Buffett took a "massive deduction" while defending his claimed $916 million loss in 1995 that allowed him to avoid federal income tax in at least some years. Buffett, a supporter of Democratic nominee Hillary Clinton, said Monday that Trump "has not seen my income tax returns." "I have paid federal income tax every year since 1944, when I was 13. (Though, being a slow starter, I owed only $7 in tax that year.) I have copies of all 72 of my returns and none uses a carryforward," Buffett said in a statement.
A voracious reader his entire life, at age seven he read a book he borrowed from the library, One Thousand Ways to Make $1000, and, inspired by its lessons, began selling Coca-Cola, gum and newspapers.
There are some studies that have estimated that the tax breaks and services that benefit the wealthy add up to $400 billion a year, compared to the $116 billion spent on programs for the poor. Class warfare? One of the richest Americans, Warren Buffett, replies to that notion: "There's class warfare, but it's my class, the rich class, that's making war, and we're winning."
Yet the parallel question is never asked: Would these tycoons benefit from the more interventionist government policies advocated by Kerry and the Democrats? A look at Buffett's holdings shows that in at least one case, that of the estate tax, the answer is a strong yes.
It turned out that Mr. Buffett, with immense income from dividends and capital gains, paid far, far less as a fraction of his income than the secretaries or the clerks or anyone else in his office. Further, in conversation it came up that Mr. Buffett doesn't use any tax planning at all. He just pays as the Internal Revenue Code requires. "How can this be fair?" he asked of how little he pays relative to his employees. "How can this be right?" Even though I agreed with him, I warned that whenever someone tried to raise the issue, he or she was accused of fomenting class warfare. "There's class warfare, all right," Mr. Buffett said, "but it's my class, the rich class, that's making war, and we're winning."
{{cite web}}: CS1 maint: multiple names: authors list (link)A voracious reader his entire life, at age seven he read a book he borrowed from the library, One Thousand Ways to Make $1000, and, inspired by its lessons, began selling Coca-Cola, gum and newspapers.
{{cite web}}: CS1 maint: multiple names: authors list (link){{cite web}}: CS1 maint: multiple names: authors list (link){{cite web}}: CS1 maint: multiple names: authors list (link){{cite book}}: |work= ignored (help)It turned out that Mr. Buffett, with immense income from dividends and capital gains, paid far, far less as a fraction of his income than the secretaries or the clerks or anyone else in his office. Further, in conversation it came up that Mr. Buffett doesn't use any tax planning at all. He just pays as the Internal Revenue Code requires. "How can this be fair?" he asked of how little he pays relative to his employees. "How can this be right?" Even though I agreed with him, I warned that whenever someone tried to raise the issue, he or she was accused of fomenting class warfare. "There's class warfare, all right," Mr. Buffett said, "but it's my class, the rich class, that's making war, and we're winning."
There are some studies that have estimated that the tax breaks and services that benefit the wealthy add up to $400 billion a year, compared to the $116 billion spent on programs for the poor. Class warfare? One of the richest Americans, Warren Buffett, replies to that notion: "There's class warfare, but it's my class, the rich class, that's making war, and we're winning."
In Sunday night's presidential debate in St. Louis, Trump claimed that Buffett took a "massive deduction" while defending his claimed $916 million loss in 1995 that allowed him to avoid federal income tax in at least some years. Buffett, a supporter of Democratic nominee Hillary Clinton, said Monday that Trump "has not seen my income tax returns." "I have paid federal income tax every year since 1944, when I was 13. (Though, being a slow starter, I owed only $7 in tax that year.) I have copies of all 72 of my returns and none uses a carryforward," Buffett said in a statement.
A group of the United States' most wealthy citizens have urged Congress to reject a plan by the new Bush administration to phase out taxes on estates and gifts by 2009. ~. Mr Buffett, who himself did not sign the petition because he thought it did not go far enough, said that repealing the estate tax would be a "terrible mistake". It was like "choosing the 2020 Olympic team by picking the eldest sons of the gold-medal winners in the 2000 Olympics". Removing the tax would lead to the creation of an "aristocracy of wealth" instead of a meritocracy, he added.
Yet the parallel question is never asked: Would these tycoons benefit from the more interventionist government policies advocated by Kerry and the Democrats? A look at Buffett's holdings shows that in at least one case, that of the estate tax, the answer is a strong yes.