Wednesday, October 31, 2007

Jimmy's Cousin is an Idiot


I thought Warren Buffett was suposed to be smart:

During an interview with NBC television, Mr Buffett brandished an informal survey of 15 of his 18 office staff at his Berkshire Hathaway empire. The billionaire said he was paying 17.7% payroll and income tax, compared with an average in the office of 32.9%.

"There wasn't anyone in the office, from the receptionist up, who paid as low a tax rate and I have no tax planning; I don't have an accountant or use tax shelters. I just follow what the US Congress tells me to do," he said.
Warren, they publish the tax rate. If you're paying 17.7 percent then you're either cheating the government or you're doing some sort of tax avoidance.


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