There has been a large debate recently about extending the Bush tax cuts. Warren Buffett
recently weighed in on the issue. Warren Buffett
believes we should definitely not raise taxes on the middle class, and he discussed the possibility of lowering them. Buffett states it is obvious we need more money the question is where it will come from. He believes that the taxes should come from people like himself. Buffett states that he has the lowest taxes out of anyone in his office. Buffett also says that spending cuts should be considered. Buffett does not believe that raising taxes at the very top will hurt the economy at this time.
With all due respect to Mr. Buffett I think he makes a big mistake comparing himself to someone who makes $250K a year. To compare Buffett to a doctor is a bit of a stretch.http://www.valuewalk.com/
About the author:
Jacob WolinskyMy investment ideas have been inspired by many of value investors including Benjamin Graham, Charles Royce, John Neff, Joel Greenblatt, Peter Lynch, Seth Klarman,Martin Whitman and Bruce Greenwald. .I live with my wife and daughter in Monsey, NY. I can be contacted jacobwolinsky(AT)gmail.com and my blog is www.valuewalk.com
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