"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Cliches of Progressivism #5 – Warren Buffett's Federal Tax Rate Is Less than His Secretary’s
Submitted by Emmett Harris on Tue, 2014-05-20 00:00
in
“In truth, Buffett’s assertion is completely inaccurate and is based on a fundamentally flawed analysis of basic federal taxation principles. In reality, he pays a much higher relevant 'federal tax rate' than any of his office workers.” Buffet loves to put forth arguments to help the Feds steal more from the vast non-billionaire population.
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