Wednesday, August 29, 2007

Warren Buffett: Income tax rigged to benefit rich

The very rich in America pay taxes at a lower rate than most working people, private-equity partners enjoy some of the lowest tax rates of all. At a fund-raiser in New York last month, Warren Buffett: "This is what Congress in its wisdom did: the 400 of us [here] pay a lower part of our income in taxes than our receptionists do...'

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