Gotta love Warren Buffett | Arkansas Blog

Gotta love Warren Buffett

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Billionaire Warren Buffett says the U.S. should cut taxes on everyone but the wealthy. The cuts going to most people will help the economy. But he said, "The country needs money ... and we should get it from me."

Buffett repeated what he's said many times: His effective tax rate is lower than that of employees in his office. Payroll and income taxes take a bigger percentage of their income than the lower investment income tax rate takes from Buffett's income on dividends and the like.

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