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November 22nd, 2010
04:25 PM ET

Buffett: Rich should pay 'a lot more in taxes'

FROM CNN's Jack Cafferty:

Rich people "should be paying a lot more in taxes." So says one of the richest Americans out there.

Warren Buffett.
Warren Buffett.

Billionaire Warren Buffett told ABC News that taxes for the lower, middle class and possibly upper middle class should be cut even further.

But he said, "I think that people at the high end - people like myself - should be paying a lot more in taxes. We have it better than we've ever had it."

Buffett says the rich always insist that if their taxes are lower and they have more money in their pockets, they will spend it and then it will trickle down; but he says that hasn't happened for the last 10 years.

Buffett's not the only super-wealthy person to advocate paying more taxes. A group of 45 people who call themselves "patriotic millionaires" agrees.

They're asking President Obama to allow the Bush tax cuts to expire at the end of this year for incomes over $1 million.

Critics question the political motivations of this group.

In any case - if Congress does nothing about the Bush tax cuts, there are only 39 days left until the largest tax increase in American history will go into effect.

Democrats in the House and Senate say they will hold votes after Thanksgiving to extend the Bush tax cuts for those making $250,000 or less.

However, it's unclear if they have enough votes in either chamber to pass only the middle class tax cuts. They may need to find middle ground with the Republicans, who want to extend the tax cuts for everyone.

Here’s my question to you: Warren Buffett says rich people "should be paying a lot more in taxes." Do you agree?

Interested to know which ones made it on air?

Jeff in Minnesota writes:
We need to go to a tax code that is simpler and straightforward. I think a graduated flat tax approach with few or no deductions would be the way to get this done. That way everyone pays their fair share, there is little to no paperwork to file your taxes and the government doesn't have to invest in supercomputers to process our tax returns every year.

Dane in Fort Lauderdale writes:
Yes, the rich should pay more taxes. They've had these tax cuts for a long time now, and it obviously hasn't done any good for the economy. They're just greedy, and we're just stupid to put up with it. Unfortunately, our legislators don't work for us, they work for them. So I doubt their taxes will go up any time soon.

Agatha writes:
If Buffett feels he should pay more taxes, I think his share will more than compensate for the shortage of already wasted taxpayer money. As for me, I would prefer to waste my own money that I worked so hard for than to let Congress and the White House waste it. They don't know the value of someone else's dollar.

Ray in Georgia writes:
Yes, of course. Rich people should give poor people a job, pay them wages, pay their unemployment benefits, Social Security, health benefits, make their house payments, etc. And if it doesn't all work out, give everlasting unemployment wages. Heck, why work when you can get it all for free?

Al in Delaware writes:
The Republicans favor the rich and the Democrats favor the middle class. The contrast can't be clearer. With Warren Buffet behind him, Obama has the chance to take a strong stance on something that the majority of the people would back him on. But knowing him, he'll probably wimp out and let the rich people's party have its way.

Joanie in Wisconsin writes:
The rich invariably find a loophole. However, who is stopping Buffett and his pals from sending more money to the Treasury? Put your money where your mouth is.

Richard writes:
Why shouldn't the rich pay more? What's left of the middle class has been paying more than our share of taxes for years.

Michael in Virginia writes:
Leave the rich alone. When was the last time a poor man offered you a job?


Filed under: Taxes
soundoff (241 Responses)
  1. Russ in PA

    Buffett is a charlatan and is not the person his father was. Ask Buffett how much money he is hiding from the IRS in his private foundation. And, if he believes he isn't paying his fair share, then why isn't he volunteering to pay more? And while you're talking to him, ask him how well he did once the Feds bailed out all the big banks he has holdings in?

    November 22, 2010 at 1:39 pm |
  2. Chuck in Ohio

    Jack: I knew there was some reason I liked Warren Buffett. He made a fortune and knows how to make a good business deal. He is not greedy and gives a lot of money to worthy causes. If I made that kind of money Taxes would be the last thing on my mind. I would have to give to the GOP/Tea Party and ask all candidates to give me special privileges, because I could buy and sell them.

    November 22, 2010 at 1:40 pm |
  3. RB in CA

    Absolutely! Considering the current state of our economy, it’s hard to have too much sympathy for someone who moans and groans about having to pay so much in taxes when they STILL have several million dollars left over after paying the State and Feds.

    Personally, I’m in favor of a flat tax. The first $15,000 a person earns is tax-free; after that they pay 19% on any and all wages, compensation, bonuses, dividends, etc. A flat tax is the only equitable tax schedule.

    RB
    Chino Hills, CA

    November 22, 2010 at 1:41 pm |
  4. Greg in Cabot, AR

    YES!

    Those Bush tax cuts for the rich have been in effect for a very long time, they did not create jobs, never will create jobs and are just a scam so the rich can get richer while the rest of us inherit an increasing national debt.

    I have been out of work for over an year and I think it's time the rich feel some of the pain us "non-rich" have had to endure.

    November 22, 2010 at 1:41 pm |
  5. John Szelog

    Of course I think they should pay more taxes. Then again, I'm not rich so maybe if I was rich I would have a different opinion. The overwhelming evidence show that when the middle class has money to spend ,be it from lower taxes or whatever, they buy things! When the wealthy get more money by whatever means they don't change their spending habits.

    November 22, 2010 at 1:45 pm |
  6. Conor in Chicago

    The rich send our jobs overseas and then demand we lose social services.

    The rich start our wars and then expect us to fight them.

    The rich tell us Capitalism is the way to go and then want to tax us into being unable to spend at the store.

    The rich prospered last decade while the rest of us suffered.

    The rich should pay more taxes. Any opinion to the contrary is propoganda-period.

    November 22, 2010 at 1:50 pm |
  7. Conor in Chicago

    What the rich need to understand more than anything is that not paying their share of taxes leads to one thing-civil disorder. If you want us storming your homes in desperation in the near future by all means, complain about paying your taxes.

    November 22, 2010 at 1:52 pm |
  8. Joe R - Houston

    I agree that Warren Buffett should be allowed to pay as much in taxes as he wishes. He obviously isn't sweating how he's going to make his next payroll, like many of the so-called "rich" who are struggling to keep from downsizing to meet theirs. An easy way for him to add to his operational costs by paying more in taxes, would be to simply fire all his tax attorneys and CPA's and fill out his 1040 form personally. Check back in late April or next May, Jack, and see if that's how he does it.

    November 22, 2010 at 1:54 pm |
  9. John from Alabama

    Jack: I agree with Mr. Buffett about rich people paying more in taxes. But I believe rich should mean people who make more than a million dollars a year. The politics is really stupid, because 700 billion dollar dent in the deficit over 10 years is not going to help much with debt reduction. I will give up my $75 a month I received from President Obama's middle class taxcut, if we go back to 1999 level of taxation. Doing away with all taxcuts would add $5 trillion dollars in real debt reduction. Key word: reduction

    November 22, 2010 at 1:54 pm |
  10. Meg from Troy

    Jack–
    I sure do. As a middle class taxpayer, I'm doing more than my share. People who are wealthy should pay taxes appropriate to their income just like I do. Anything else makes this country into a divided society of a majority of have-nots, and a minority of haves. Unfortunately, the party of the wealthy for the wealthy is about to start running things, so Mr. Buffet better not hold his breath.

    November 22, 2010 at 1:59 pm |
  11. dorothy fletcher

    Absolutely!
    Wealthy people get that way because of the corporate welfare programs, tax loop holes and political contributions they are able to make that lead to exempting themselves from taxes and burden the middle class. Its about time millionaires payed there fair share of this countries expenses.

    November 22, 2010 at 2:03 pm |
  12. JackieinDallas

    Duh, OF COURSE I agree! Most people in the upper tax brackets pay less than I do per year, down in the lower middle tax brackets. That's not "adjusted" dollars, that's ACTUAL dollars. If we could actually get the Congress to pass something that simplified the tax laws, closed the loopholes (so that those in the upper brackets who can afford tax lawyers and accountants to find all those loopholes) no longer could opt out of paying taxes, and relieved some of the pressure on the middle and lower tax brackets, it would be a wonderful Holiday present!

    I believe that will happen just as soon as Bigfoot addresses the Congress about them.

    November 22, 2010 at 2:06 pm |
  13. Tom in Desoto, Tx

    The only ones who aren't aware of this are Republican's in Congress, it's just another day.

    November 22, 2010 at 2:09 pm |
  14. Lawson

    Yes they should and no it is not purnishing sucess. This country has afforded them with the resources and opportunity to be sucessful great university system, political stability, best interstate & marine system in world, security, and list goes on we can complain aboout washington and out government all day but we still have the best in the world. we are in two wars military families make huge sacrifices everyday i dont see wats too difficult in payin 4% more in taxes if u make over $250k deal with nations debt which everyone has reaped the benefit of in one way or another. all that money went into our communities and in ways direct or indirect that affects our lives.

    November 22, 2010 at 2:12 pm |
  15. Conor in Chicago

    When rich people tell you that they need to pay less in taxes because it will benefit you as well, you should be inclined to NOT believe them.

    November 22, 2010 at 2:13 pm |
  16. Karen, Idaho

    I agree with Mr. Buffett–the rich should pay more taxes. There will never be a rich person going to a food pantry or soup kitchen. There will never be a rich person who cannot get the very best medical care. There will never be a rich person wanting a desperately needed vacation. There will never be a rich person trying to scrape up enough pennies for bus fare or a gallon of gas to be able to get to work. These things are never given a second thought by rich people. Yes, they can spare a few bucks extra on their taxes–they won't even miss it.

    November 22, 2010 at 2:15 pm |
  17. BILL, WI

    Why not! Personal income tax should be increased to level of most European countries tax rate of 45%. This per centage does not reflect the VAT, Excise Tax on gas and fuel oil and other good. Do not forget the highway use fees and congestion fees assesed on drivers that are as high as $15.00 per day.

    The tax rate on corporations doing buisiness in the U.S. is the highest in the world. Which is about 38%, which is a rate that is twice of most European countries.

    We will have to pay for the best health care system in the world and that means more taxes.

    November 22, 2010 at 2:20 pm |
  18. james in nc

    Why penalize people for being successful? Of course rich people have expensive accountants and big-shot lawyers to keep their tax liablility at a minimum. Taking from the rich and giving to the poor only works in the movies.

    November 22, 2010 at 2:20 pm |
  19. bob z fr ,pa.

    if he wants to give more the gov. will not stop him

    November 22, 2010 at 2:20 pm |
  20. Chris

    I would offer this advice to Warren Buffet as well as other wealthy people calling for higher taxes for the rich. If he really believes what he is saying then why doesn't he as well as the other rich people who want to pay higher rates, simply send the us treasury the extra tax anyway. I am sure they would accept it. I mean really. Warren should as a statement on his tax returns for 2010 send a extra check to the treasury and label it the extra tax that he should be paying.

    Chris in NY.

    November 22, 2010 at 2:23 pm |
  21. bonnie from nj

    How could you disagree, They have reaped the unwarranted benefits of our country's financial meltdown and they should be largely responsible for putting it back together. We bailed out their companies they were robbing as they were plummeting and mostly they are all back to their huge bonuses. I know that they and the congress know that we cannot handle the deficit without raising taxes, but both groups opt for their own personal benefit rather than the countrys. I have no problem contributing some more of my strictly middle class salary to help, as long as there efforts to control spending. They should be paying social security and medicare on their entire salaries also, I always have.

    November 22, 2010 at 2:24 pm |
  22. Mark, OKC

    Just who do the American people think pay the majority of taxes NOW, Jack? If you make under 250K a year most of us get a fat RE-FUND check. I doubt if Mr. Buffet has received many refunds in his mail box!

    November 22, 2010 at 2:27 pm |
  23. Larry from Georgetown, Tx

    Mr. Buffett is correct. He pays less taxes than his secretary since he can hide his money and take special exemptions that the rest of us can't afford. The tax cuts for the wealthy needs to expire or show us the proof that they really create jobs, which I doubt.

    November 22, 2010 at 2:30 pm |
  24. Ed's Kate

    Absolutely. Congratulations to Mr. Buffet for having the decency and courage to speak out so honestly on this subject. More of the super wealthy should do the same.

    November 22, 2010 at 2:34 pm |
  25. David Alexandria VA

    B Uffet is the riches man in the world, probabny paying a couple of billion in taxes a year as it is. He is entitled to his opinion. Of course, if you make $10B a year, your idea of "rich people" may not be the same as mine. Clearly, if a couple making $125K apiece are considered "rich" as the administration keeps saying, the objections to Buffet may be more rancorous. Tell me Jack - why in this country do people believe that if you worked hard for something, created jobs, took entrepreneurial risks others wouldn't, and paid a lot of taxes along the way that you somehow owe everyone else even more? Somehow doesn't seem fair, does it?

    November 22, 2010 at 2:44 pm |
  26. Herman Portland OR

    Sounds like Mr Buffet is siding with the Obama administration. From what I know – the rich already pay alot in taxes. I am trying to figure out why they are being dicriminated against. Is it just because they have some extra dough? The last time I checked they alraedy pay 50% or more in taxes. Is this this class warfare? Does this set a very good example for most Americans? Or a very poor example? America is the land of the free and gives everyone the opportunity to succeed. Why penalize them more by taking whats left after all the regulation and taxes. Lets reform all the tax laws for every one not just one class.

    November 22, 2010 at 2:48 pm |
  27. Jeff in Bishop, Georgia

    At what point does Buffett consider one "rich"?... and does it bother him when our congress has to stay within a budget for decades and squanders the tax revenue?

    November 22, 2010 at 2:50 pm |
  28. Jeff in Bishop, Georgia

    At what point does Buffett consider one "rich"?... and does it bother when our congress has refused to stay within a budget for DECADES and squanders the tax revenue?

    November 22, 2010 at 2:52 pm |
  29. Richard35

    Why shouldn't the rich pay more? What's left of the Middle Class has been paying more than our share of taxes for years.

    November 22, 2010 at 2:54 pm |
  30. Dave, Orlando, FL

    Although he is rich, even he can see that tax cuts for the wealthy have not created any jobs – just the opposite. Trickle down hasn't worked in three decades. What makes any sane person think it will now? Only a tea bagger can think that way.

    If you give a million dollars to a big manufacturer, they will use it to buy a robot and fire a dozen workers. Give that same million dollars spread equally among 1,000 poor or middle class people and the entire million will be back in the economy in less than a week – and incidentally in the hands of the wealthy anyway. Except that it will do a lot more good on the way – and that benefits everyone.

    November 22, 2010 at 2:58 pm |
  31. Cheryl in Bluffton, SC

    I couldn't agree more, Jack, and I admire Mr. Buffett for speaking the truth. If we continue in the direction we are heading, there will be no middle class at all in this country. As a struggling middle class woman hanging on by her toenails, I feel the rich should and must pay more.

    November 22, 2010 at 2:58 pm |
  32. Ed from California

    I believe that we should all be paying our fair share in taxes. Look at all the benefits we receive from living in this country. Paying a small amount in taxes is beneficial for all. David Stockman even agrees that his "Trickle Down" or "Voodoo Economics"didn't work.

    Most, if not all of the government's operating budget comes from ALL the middle class being employed and paying taxes, not by what the upper 2% would pay in. But, since the upper 2% is getting richer by the second and not paying in into the system and getting "republican" tax breaks for shipping their companies offshore. I say we kick all these " Good Americans" and their families off shore too. We will all see how these rich people like living in Mexico or communist China, without the benefits of living here, in America.

    November 22, 2010 at 3:00 pm |
  33. Paul, Parry Sound, Ontario

    Yes, I agree. But then I have something the rich will never have. Enough.

    November 22, 2010 at 3:00 pm |
  34. Peg from N.Y.

    Yes I agree and thank you, Warren Buffett! President Obama, pay attention, please!

    November 22, 2010 at 3:03 pm |
  35. Gary H. Boyd

    Warren Buffett still lives in the same house in Omaha that he was in before becoming wildly rich so he's obviously not impressed with the trapping of wealth, hence, his willingness to pay more in taxes. But, Warren's an exception since most rich people zealously guard their treasure or donate it charitably of their own choosing. Warren's not just an exception when it comes to money, he's an odd ball.

    Gary in Scottsdale, Arizona

    November 22, 2010 at 3:05 pm |
  36. dale Ia.

    A flat tax every one pays the same % yes,,.no deductions,,.

    November 22, 2010 at 3:07 pm |
  37. Tom Bulger, Canandaigua

    At my advanced age I always try to side with Jesus, and as He pointed out in His parable about the widow's mite, the rich are always going on about how much they give and the poor are giving their all.

    November 22, 2010 at 3:18 pm |
  38. Bizz Quarryville Pennsylvania

    I think the rich are the only ones that can afford a tax increase. Especially the people in the income bracket of Warren Buffett. It makes my blood boil when I see Wall Street big shots collecting outrageous bonuses riding around in limousines and paying for lunch that would amount to a mortgage payment for a lot of people. All the While paying less taxes than their secretaries. How quickly they for get the American taxpayer paid to get them back on their feet. It would only be right thing to do that they start paying their fair share in taxes.

    November 22, 2010 at 3:18 pm |
  39. Ray in Knoxville

    Jack, he's not the only rich person to say so, and I agree with them. Many of them had their riches given to them by their parents. Many of them made their money by hook and by crook. Many of them made their money by investing in companies that shipped jobs overseas, putting more and more working class Americans out of jobs. So yes, yes, hell yes, let them pay more taxes.

    November 22, 2010 at 3:20 pm |
  40. Ed Reed

    I disagree somewhat. The CBO estimates all of the Bush tax cuts will necessitate borrowing $3.7 trillion over the next ten years. In the name of fiscal sanity, they should be allowed to expire for everyone.

    November 22, 2010 at 3:20 pm |
  41. steve in fl

    Absolutely. They are actually every bit as much a burden on the country as the middle class, if not relatively more and pay a fraction proportionately speaking. Corporate welfare is becoming more obvious and more unpalattable to Americansby the day.

    November 22, 2010 at 3:21 pm |
  42. Sylvia from California

    Let's start off by getting the definition of rich right.... Rich should be millionaires not those making $250,000. In California where the cost of living is so much higher then in other states, $250,000 is not rich!!!

    November 22, 2010 at 3:28 pm |
  43. John Belluso

    I miss the tax question...answer flat tax...10 percent would cure everything. JB

    November 22, 2010 at 3:28 pm |
  44. Paul Austin,Texas

    Not only yes but Heck Yes! I am being good just hope this get on.

    November 22, 2010 at 3:29 pm |
  45. Ray E. (Georgia)

    Yes of course. Rich people should give poor people a job, pay them wages, pay their unemployment benifits, social security, health benifits, make their house payments etc, etc, etc. And if it doesn't all work out, give everlasting unemployment wages.. Heck, why work when you can get it all for free.

    November 22, 2010 at 3:30 pm |
  46. Jerry A - Toronto

    This is a slippery slope Jack. One would agree that the rich should pay more taxes but on the other hand I would rather that these profits be invested in new companies (in the U.S.) which would create new jobs. It quite clear these days that handing money over to the government has become a waste of money. They’ve spent trillions and the roads still look like crap.

    November 22, 2010 at 3:32 pm |
  47. Sylvia from California

    If Buffet wants to pay more taxes, I would suggest that he go to the government's website to signup to give the government his billions.... He needs to put his money where his mouth is and shut up!!

    November 22, 2010 at 3:32 pm |
  48. bob, ontario, canada

    Jack, it would be better to say that each categorized income level should pay a fair assessed value commensurate with their specific category. For the rich, especially, this would mean no loopholes to evade paying their fair share. As it now stands, both in Canada and the U.S. the problem has been mostly the wealthy finding ways to pay less than required. As a result, the burden to pick up the shortfall in government revenue has usually fallen on the beleaguered middle-income level of wage earners.

    November 22, 2010 at 3:36 pm |
  49. Janne from NC

    Warren Buffett is so full of junk. If he really believed that, instead of paying his accountants all that cash he could just file his billions on a 1040ez and use the standard deduction. You can't say how unfair it is out of one side of your mouth while telling accountants to trim down the tax bill out of the other side. If he doesn't think all those deductions are fair there is a simple solution, just don't use them!

    November 22, 2010 at 3:50 pm |
  50. Agatha

    If Buffet feels he should pay more taxes, I think his share will more than compensate for the shortage of already wasted taxpayer money. As for me, I would prefer to waste my own money that I worked so hard for; than to let Congress and the White House waste it; since they don't know the Value of SOMEONE ELSE'S dollar.

    November 22, 2010 at 3:50 pm |
  51. Jane in CA

    Yes. If rich people paid the same percent of their income as middle class people, it would be fair. Not marginal rate, but percent of total income paid in taxes. The point of progressive taxation is to make sure that the poor keep enough to stay alive, and those with money to spare have to give extra in proportion to their excess. In practice, after decades of cutting taxes, primarily for the richest, the folks like Buffet pay taxes in the single digits and the middle class gets hit for 20 percent or more. It is time the rich started being taxed like the rest of us.

    November 22, 2010 at 3:55 pm |
  52. Chandler in Rockaway, NJ

    You bet, Jack. The wealthiest 1% now control 25% of the wealth. Many of those people did not care what laws they had to break or what lives they ruined to amass their billions. Not only would I create new tax brackets for the extremely wealthy, I would subject the lot of them to full-scale, Ken-Starr-Whitewater, follow-any-lead investigation. If they have done nothing wrong, they have nothing to fear.

    November 22, 2010 at 3:56 pm |
  53. Bill in PA

    Jack;

    Yes, we must all pay more in taxes. Some lots more!

    Under President, General Eisenhower the top tax rate was above 95% and the country grew and prospered and we had peace.

    Eisenhower told us 1953 that we were in grave danger from the military-industrial complex. He never imagined the corporate purchase of our legislators. So now we have the military-congressional-industrial-media complex.

    We have gone from a country of human citizens with responsibilities: I still have my draft rating card with the 1A, few even know what that means and my DD-214 shows and honorable discharge; to a country of huge riches and privilege, and us poor. A two class society will not be stable.

    Powerful forces: greed, stupidity and lack of interest may combine to bring the human race to extinction, very soon, maybe within a hundred years.

    November 22, 2010 at 3:57 pm |
  54. katiec Pekin, IL

    Absolutely.
    The wealthy, Wall St, big business have been on the gravy train for far too long. And, they have so many loopholes, benefits many pay less taxes than us and some no taxes at all.
    The republicans lame excuses, false claims for allowing this injustice to the American continue proves they have abandoned us and have become a disgrace to what they are supposed to represent and our prolitical process.

    November 22, 2010 at 4:04 pm |
  55. pat in michigan

    I agree they shouldbut make no mistake. The rich are rich because they have foud a way to put the tax burden on the working class of this and every other country.
    If the tax burden increases on the rich then they will pass it along to the working class through higher prices and lesser wages and benefits.
    Make no mistake they are in business to get more rich on the bones of the worker. If you don't like it ,then go start your own business.

    November 22, 2010 at 4:05 pm |
  56. Melissa

    Buffet's right. I find it incredibly amusing that someone so rich is saying that he should be paying more taxes.

    November 22, 2010 at 4:08 pm |
  57. al in Delaware

    The Republicans favor rich and the Democrats favor the middlie class. The contrast can't be clearer. With Warren Buffet behind him Obama has the chance to take a strong stance on something that the majority of the people would back him on. But knowing him, he'll probably wimp out and let the Rich People's party have it's way.

    November 22, 2010 at 4:08 pm |
  58. Michael "C" Lorton, Virginia

    Jack: That would be discrimination--what we need is the rich to make more people rich-but then if we do that-the rich will have reason to preach the virtures of poverty--Leave the rich alone–When was the last time a poor man offered you a job!!

    November 22, 2010 at 4:08 pm |
  59. Craig in Arizona

    I think that if Warren Buffett and his gang of "patriotic millionaires" feels so much guilt about having acquired so much wealth, they should voluntarily give it to the Government. Why must they be forced to surrender their money. I wish that they wouldn't however, because I believe that Mr. Buffett and the others are better custodians of their wealth than the Federal Government. I think that Mr. Buffett and others like him believe that the government will actually put it [their money] to good use. Perhaps to pay off debt or rebuild the infrastructure. The reality is that it will simply be an excuse to put off making hard decisions like reining in entitlements and balancing the budget. And once the wealth is squandered....well then what...

    November 22, 2010 at 4:12 pm |
  60. Griff

    "So? Buffet, gets to sit on his high-seat, while Jack's only escape from debt, is to the nearest wash-room. When is CNN going to stop all this shinannigan? It's not the 'stools of a fool'. more like the 'fools of a mule. Zebra's have stripes??? "

    November 22, 2010 at 4:16 pm |
  61. Kevin L

    Jack...
    Of course; you could put me in that long line with the others that would agree. Look; the country provided those who made a lot of money the opportunity to make that money and when it’s time to pay your percentage; pay the piper; I do. Those who are fortunate with their opportunities have more by virtue of the opportunities that were given by this country. Try that in any other country (if you can) and see how much you keep.
    When I get paid; I pay my taxes; whatever they are and they go to all the things that are taken for granted on an everyday basis. Sure; once you start making more money; you want to keep more of it. (is this greed or not use to having money) “Paying more taxes? That’s for that other guy; not me.” You make more; you pay more..; until you make more.

    November 22, 2010 at 4:17 pm |
  62. Larry,Springfield,Ohio

    Jack,Mr, Buffet is certainly free to pay my taxes if he likes!

    November 22, 2010 at 4:20 pm |
  63. Pat in Michigan

    Yes they should but make no mistake .The rich will simply pass on the added loss of revenue to the working class through higher prices. The rich didn't get that way by accident .They got rich by seizing political power and affecting favorable treatment in the tax codes by way of bought and paid for politicians.
    There is blood on their hands and Ice in their hearts.

    November 22, 2010 at 4:21 pm |
  64. Tim in Texas

    Absolutely. The very rich make most of their money in capital gains. Their taxes were reduced by 7% under the Clinton Administration and another 6% under the Bush Administration. The money did not trickle down. It is in-conscionable that the Republicans want to cut off unemployment insurance – which we know stimulates the economy, keeps people in their homes, and off of social programs, but wants to give hedge fund managers and Wall Street CEOs tax breaks.

    November 22, 2010 at 4:21 pm |
  65. D/St.Louis

    The Bush tax cuts should expire for the rich, and an extensive investigation should take place for all (so called) small businesses.

    November 22, 2010 at 4:27 pm |
  66. sheila

    I am in TOTAL agreement with Warren Buffet. Thanks for suggesting this and also to Bill Gates who agrees with this statement as well. If the tax rates were what was going to help, the help would have been here by now. And, what are we talking, a few percentage points more--they won't even realize it's not there.

    November 22, 2010 at 4:28 pm |
  67. Wilhelm von Nord Bach

    YES I agree with Mr Buffett but MY major beef is with so called "business deductions".

    I can assure you that American seniors are going to go OUT of their MIND IF the Republicans and this current Democrate administration CUT Medicare and Social Security to pay for the Yachts, Limousines and Gulfstreams of rich people and esp Hedge Fund managers like Stephen Schwarzman of The Blackstone Group that pay only 15% income tax while working people top out at 35%.

    November 22, 2010 at 4:29 pm |
  68. David in Tampa

    I agree to a certain extent with Mr. Buffett. The extremely wealthy have benefited from Republican economic policy and done very little for this country. Those that get the most should be willing to pay more when things get tough. Too bad they can't share the pain of the people they hurt the most over the last few years, but that would require putting aside "Me First" and adopt "We First". Fat chance of that ever happening.

    November 22, 2010 at 4:31 pm |
  69. Jeff In Minnesota

    Our tax code is structured for a lot of constituencies. We have the exemptions for the wealthy. We have exemptions for corporations. We have exceptions for the middle class. Basically, every taxpayer gets something if they have the right interest group working on their behalf. We need to get rid of all of the BS and go to a tax code that is simpler and straightforward. I think a graduated flat tax approach with few or no deductions would be the way to get this done. That way everyone pays their fair share, there is little to no paperwork to file your taxes and the government doesn't have to invest in supercomputers to process our tax returns every year.

    November 22, 2010 at 4:32 pm |
  70. Kevin of SD CA

    The rich should be paying the same percent of taxes as the rest of us pay! The liberals should be paying a special assessment tax to cover all the welfare, bailouts, and entitlement programs they want to hand out to the so called minorities and underprivileged which they use to extort from the rest of us who earn out ways through life!

    November 22, 2010 at 4:34 pm |
  71. Eric R

    YES!!! They should be paying more because like Mr. Buffett said we can afford to. Here is thing, Regan's trickledown theory did not work, the Bush tax cuts didn't help the economy or job market, they only way to get this economy moving is to allow the middle class to start spending money.

    November 22, 2010 at 4:36 pm |
  72. Lavon in Hemet, CA

    WOW!!..Kudos to Warren Buffet and all the other "patriotic" millionaires who thinks about things other than themselves. There is hope for this country yet.

    November 22, 2010 at 4:36 pm |
  73. dennis in minneapolis minnesota

    To answer your question directly, yes. But I think this question is a little like asking the patient if they agree with the doctors assessment. Why are you asking them? Warren Buffet is the professional here. I can't believe you're actually perpetuating voodoo economics. There is no such thing as a "trickle down." This is the grand lie of the upper class. They think they "earned" all the money they have. UM NO. ACTUALLY, you LIED to the voters in order to steal more money. Trickle down only works if when your company makes more money, you PAY YOUR WORKERS MORE. Guess what? They didn't. They started investing and paying their executives HUGE bonuses. It was a hayday for corporate America on the backs of the real Americans. Then, the stupidity finally caught up to them in 2008. Everyone lost. And now, after all of their crap, rich people want to start it all up again?!?!?! You have to be kidding me. No morons, you had your turn.

    I think a good way to stimulate the economy is to raise the minimum wage. If you truly want to create jobs, you have to raise the buying power of the middle and lower class. Don't just siphon money off the top. Pump it through the working class. Heck with voodoo economics, stop the LIES. You want a trickle down? This is how you do it.

    November 22, 2010 at 4:38 pm |
  74. Kim Smith

    Absolutely. It's not like a 5% or 10% increase is going to affect their life style. Either raise taxes on the rich substantialy, or pass the FairTax Ammendment.

    November 22, 2010 at 4:40 pm |
  75. john grenier

    absolutely. the rich may pay the most taxes, but they are continuing to concentrate more and more wealth into fewer and fewer hands. and buffet is correct, trickle down is hogwash.

    the money has to come from someplace. take it from where it is available, not from those with little to spare.

    November 22, 2010 at 4:42 pm |
  76. Terry in Chandler, AZ

    I'm far from being in the wealthy catagory. My income is in the lower six figure area. But not so very long ago I was living in government housing, using food stamps, and driving a borrowed car. I worked hard to make changes in my life. As my income has increased, so has my tax rate. I have been happy to contribute more in taxes to this beautiful country that I love so dearly. It saddens me that some wealthy people think they pay too much in taxes. Shame on them.

    November 22, 2010 at 4:42 pm |
  77. andrew in pinehurst, nc

    Very wealthy people probably should pay more taxes. My question is simply: If people (like Warren Buffitt) are really serious about their need to pay higher taxes, what's keeping them from DONATING their money to help pay down the dept?

    November 22, 2010 at 4:52 pm |
  78. Josh from New Orleans

    I think there is a real problem when I see these people driving cars that cost more than what ordinary people make in a year. They will scream and yell "it's unfair" when they could be part of the solution instead of the problem. The rich are some of the most greedy, un-Jesus like people I've ever met.

    November 22, 2010 at 4:53 pm |
  79. Sam Dallas

    So says the 'Oracle of Omaha', and i agree with him. The rich has enjoyed tax cuts for ten years, while the middle class income dwindled. We were deceived into believing that jobs will be created, but may i ask the Republicans' were are the jobs'. Democrats should put middle class tax cut for vote, and let the Republicans vote against it.

    November 22, 2010 at 4:53 pm |
  80. Mathew

    Yes absolutely. Raising the tax rates on the 'rich' is not going to close the deficit, nor eliminate the national debt, but it will help. As Buffett and others point out, lowering the tax rates during the past 10 years has NOT resulted in more jobs and better economic security. Quite the contrary.

    I'm happy that Buffet (and others) see it as a patriotic duty to for the millionares/billionaires of this country to pitch in and help the US out of the economic hole we find ourselves in. Now, if only we can stop government spending at the same time....

    November 22, 2010 at 4:54 pm |
  81. Anne

    Yes I agree they should. I think Warren Buffet said himself that his secretary pays more taxes than him. There is something wrong with the tax system and it should be fixed.

    November 22, 2010 at 4:56 pm |
  82. Joe CE

    Buffet is one of the enlightened rich that understands their own self intrrest is in a stable society anchored by a chance to get a little aheadthru hard work. When taxes are discussed, yiou seldom see mentioned that 5% of the people rake in 95% of the income. he rich need to share at least 5% more. Noone conributes enough to warrant making more than 10 million – no sports figure, no CEO..

    November 22, 2010 at 4:56 pm |
  83. Tom Mytoocents Fort Lauderdale, Florida

    Jack
    I think all taxpayers should pay the same tax. I don't think we should have rich people either!!! How many poor people does it take to create one billionair.

    November 22, 2010 at 4:58 pm |
  84. Al

    Buffett is right. Tax advisers to the rich should have intellectual challenges.

    November 22, 2010 at 4:59 pm |
  85. Donna in Wisconsin

    Always have. The Reagonomitics has NEVER worked. The rich get richer and do not spend like we do. God Bless Warren Buffet. Sure wish we could get those conservative Democrats that are sooo worried about their jobs to do what is needed and only continue the tax cuts for the middle class. And would someone explain how Republicans continue to say we need to pay for stuff before adding to the deficit BUT can't pay for these tax cuts for the rich which will ADD to the deficit?

    November 22, 2010 at 4:59 pm |
  86. Paul P.

    Yes. To not tax the wealthy more than the average person absolves them of social responsibility and essentially ensures perpetual prosperity for generations in their family by furthering the gap in the economic classes. But can the rich continue to flourish when the remaining 98% of us are struggling so badly in a country so dependent on consumerism? I think perhaps that's part of Mr. Buffet's argument.

    November 22, 2010 at 4:59 pm |
  87. john ....... marlton nj

    Warren Buffett has worn out his welcome with regular rich guys.. He has become just like the polititians he's cozying up to...
    Don't get me wrong, Buffett has had an outstanding investment record, but the way he 'raises' money is to print up and sell more shares of his Berkshire Company, the same thing our government does when it prints treasury IOUs and sells them ...

    November 22, 2010 at 4:59 pm |
  88. AzRose

    Yes, I agree the rich should pay more taxes, however, I also believe that the $250,000.00 mark should be raised to the million dollar mark.
    Small business owners are not millionaires in my opinion, they are the one that create the jobs, let them have the tax cuts along with the middle class.

    November 22, 2010 at 5:01 pm |
  89. andrew in pinehurst, nc

    Jack, I do admire people like Warren Buffett, but I sometimes wonder how a person who is so smart can't figure out that he, and those like him, don't have to wait for tax laws to change. He can simply donate any amount of money that he wants to help reduce the deficit. Donate enough and Congress could re-name the Treasury Building in his honor.

    November 22, 2010 at 5:01 pm |
  90. Curt, Avon, Indiana

    Jack, does anyone really think that our elected officials will vote themselves a tax increase? All of our legislators surely have more than $250,000.00 coming in as income (from one source or another).
    The government should mandate a flat 10% tax for everyone. No exemptions, no exclusions!

    November 22, 2010 at 5:02 pm |
  91. Matt

    Warren Buffett is a great man. He's self made, he does not believe in generational wealth, he is giving away most of his fortune to charity, and he also speaks the truth on issues like this.

    He has also recently said that the idea of cutting corporate taxes to increase job growth is daft. He states the truth, which is, businesses will only add jobs when there is DEMAND. Supply side economics is like pushing a rope. The best way to increase demand would be to lower the lower and middle class tax rates (exactly as Buffett prescribes), so they have more money to spend. The rich won't spend more with tax cuts, they're already rich and never needed to penny pinch or forgo purchases.

    November 22, 2010 at 5:05 pm |
  92. Terry- Greensburg In.

    people at the high end – people like myself – should be paying a lot more in taxes.
    'i' don't know if they're feeling guilty or just making good common horse sense; but – – – where did all these billioners get their wealth?
    OFF "US" of course – ain't it about time they paid "US" back for fleasing it all from "US" to begin with?
    NOT THAT WALL STREET had anything to do with it! DAH!!!!
    * The gov. owes "US" plenty, if they try to take more away, "U"ll see the ( silent majority ) not be silent A.N.Y.M.O.R.E. period!!!!..........................

    November 22, 2010 at 5:08 pm |
  93. Paulette in Dallas,PA

    I'm with Buffett. Obama promised during his campaign that people making under $250,000 will have tax cuts and those over the $250,000 would have to pay more. The wealthy are doing fine whether they are saving or spending. They know they will have a roof over their head,food in their belly,clothes on their back,a vehicle for transportation,and be able to educate their children. With food insecurity the highest it has ever been in the past fifteen years that it has been recorded, I believe it is time for the rich folks to step up to the plate and help rescue this great country before we are all mandated to learn Chinese.

    November 22, 2010 at 5:12 pm |
  94. Ralph Spyer

    What is a fair share ? If you have 5 children all in the public school and your neighbor next store has no children is it fair that his taxes go to educate your children ? If you neighbor sends his children to private school should he get a tax break. One third of all Americans do not go to any church yet the Church does not pay any taxes WHY? Rich people pay more taxes than poor people now. Poor neighbors require more police, more schools, more fire dept, more of everything. Now that the country is broke every one is crying

    November 22, 2010 at 5:13 pm |
  95. Charles in NJ

    I agree but I also agree that EVERYBODY should be paying at least some tax. The system doesn't work when half of Americans pay nothing. We need a flat consumption tax. The more you buy (rich people) the more you pay. But everybody pays.

    November 22, 2010 at 5:14 pm |
  96. Chris Stacy

    I was going to travel from Washington D.C. to Boston, MA on a really great JetBlue deal. I decided not to travel because I don't want to be either irradiated or groped. We are being treated like criminals, and these measures are completely ineffective at stopping terrorists. The backscatter machines don't actually detect the materials that the terrorists will use, and the groping will not detect things shoved up your ass. TSA needs to have something shoved up their ass.

    I am now weighing whether to cancel my vacation in the spring.

    November 22, 2010 at 5:17 pm |
  97. Greg in Cabot, AR

    YES!

    Those Bush tax cuts for the rich have been in effect for a very long time, they did not create jobs, never will create jobs and are just a scam so the rich can get richer while the rest of us inherit an increasing national debt.

    I have been out of work for over a year and I think it's time the rich feel some of the pain us "non-rich" have had to endure.

    Believe me, I would not be complaining about paying my taxes if I had the opportunity.

    November 22, 2010 at 5:18 pm |
  98. Diane - Sweet Home, Oregon

    Yes. Live simply so others may simply live,

    November 22, 2010 at 5:18 pm |
  99. randy

    I;ll tell you what ' let these multimillionaires give me 5 million next year and I would be more than happy to take a tax hike, it;s all about greed and that is destroying this country, let these millionaires make $46000 a year and try to live a decent life, i;m a 1 income family and i find it harder every day to pay my bills, i agree with warren buffet, that the more tax breaks the richest people get, the less trickling down it does.i made less money in the clinton era and raised my son after my divorced and i did pretty well but since bush was president the economy has been terriible and our country has been going in the hole, we need to make the millionaires pay their fair share. that would help lighten the deficit

    November 22, 2010 at 5:22 pm |
  100. JIM

    Buffet is a honest patriot!!
    Maybe HE should run for President instead of the lying two-faced politician crooks we have now.

    November 22, 2010 at 5:23 pm |
  101. Linda in Arizona

    Absolutely. It won't hurt them one bit. What do you mean, "Critics question the political motivations of this group."? What devious, nefarious motivations could they HAVE for wanting to pay their fair share, and spare the poor and the middle classes from falling deeper into poverty? I guess they must be trying to buy their way into heaven. They deserve to go there too, because instead of fighting to hang on to every mostly ill-gotten dime, they are decent enough to want to do the right thing. Good for Warren Buffett and the other patriotic millionaires. The other ones should be run out of the country on a rail.

    November 22, 2010 at 5:24 pm |
  102. John

    You go Buffet. Now .. if the Repugnants would just listen.

    November 22, 2010 at 5:27 pm |
  103. Jeff

    I say put all indivduals, corporations, non-profits up for public inspection. Then we can see if the corporations and the wealthy are paying all the taxs as they claim.

    November 22, 2010 at 5:28 pm |
  104. Simon, FL

    You can raise the taxes on the rich all you want, but they will always find a loop hole. The wealthy do not pay taxes. They pay accountants.

    November 22, 2010 at 5:29 pm |
  105. Gary - Woodhaven, Michigan

    Most psychologist will tell you that one of the tenants of responsibility is being dedicated to reality.

    The reality is that all taxes must go up for all people if we are to ever overcome the errors of the past. Spending cuts cannot alone come close to elevating the debt but can decrease the amount of a tax increase.

    So let us all be responsible adults and face this inevitable reality with courage, something our slick talking irresponsible politicians cannot nor will not do.

    November 22, 2010 at 5:30 pm |
  106. Brett

    Of course the rich should pay more, the republicans just add to the already large deficit they created by cutttng the riches taxes more. Republicans don't care about anybody but the richest 1 percent . I say the overburdened middle class gets a break and the richest 1 percent pay Bill Clinton era tax rates or more. The country needs that more than ever. David Stockman agreed the GOP destroyed the economy with their trickle down theory. He was Reagans budget guy no left wing partisan.

    November 22, 2010 at 5:32 pm |
  107. Paul from VA

    Yes!! We've given so many tax breaks to the rich and to mega-companies and all we have to show for it is the outsourcing of American jobs to overseas venues. Nail the multimillionaires. Why should the middle class continue to support them.

    November 22, 2010 at 5:33 pm |
  108. Norleen Koponen

    Yes, rich people should be paying a lot more in taxes as stated by Warren Buffett. Their tax cuts have not led to any trickle down as the Republicans tout. The richest 2% already benefit from lots of personal and business tax deductions. And, they want all of the gov't programs like business development, social security, schools, military, national security, and good infrastructures like roads, bridges, airports etc.

    Why do the very rich insist on being greedy and not helping decrease the deficit - which increases more when Republicans are in power?

    It's time for them to pay their fair share and keep tax cuts for the middle and lower income class.

    November 22, 2010 at 5:34 pm |
  109. John from San Antonio

    Absolutely!! The only people who support lower taxes for the rich are the multi-national corporate executives who want to destroy the middle class, and the incredible number of people who don't know anything about our tax code or our economic system. What would our public servants do if they actually had to explain how cutting taxes for the rich would create jobs instead of just throwing catch phrases and sound bytes out there that don;t require thinking?

    November 22, 2010 at 5:35 pm |
  110. Randy

    Yes. Buffett knows that the rich have essentially gone mad (In a comic book villain kind of way) in their gluttony. When a retired basketball players 20 yr. old kid can blow 53000 dollars on a weekend in vegas, and the big question from washington insiders is "Are postal employees making too much" you know there is a problem.

    November 22, 2010 at 5:39 pm |
  111. Bob

    i agree the rich should pay higher taxes. why? other western countries have much higher tax rates for the rich than we do. it would put us closer to the norm as far as taxation goes.

    November 22, 2010 at 5:40 pm |
  112. Mike from Denver

    How about just eliminating the deductions and loopholes for the upper tax bracket? That is likely to bring in much more revenue than upping their tax rate. I know that sounds too simple, so it will never work, but it is a nice thought.

    November 22, 2010 at 5:41 pm |
  113. D.Peter Waterman

    Peter from VT – No. Everyone from the bottom up should pay the same PERCENTAGE rate. Dishwasher to CEO all the same, with no tricky deductions tucked in the cracks! People should not get all kinds of credits for having 8 kids out (or in) of wedlock. Get a job and pay your way. If you make a million and ship it overseas PAY UP.

    November 22, 2010 at 5:43 pm |
  114. Zack Austin, Texas

    Yes the Rich should pay more taxes and the government is going to have to make reductions in Social Secuity, Medicare, and Defense, but neither political party has the guts to do it.

    November 22, 2010 at 5:44 pm |
  115. Rick McDaniel

    Probably.......but wouldn't that simply encourage more waste?

    Until we get responsible government, it may be foolish to give them more money to squander.

    November 22, 2010 at 5:47 pm |
  116. Jack

    Hey if they want to pay more, why haven't they sent a check in.
    Nothing keeps them from sending more money in for the good of the country.

    November 22, 2010 at 5:48 pm |
  117. Conor in Chicago

    It is not a tax increase. It is the end to a tax holiday imposed on us by Neo-Conservative Republicans, led by Bush, using the same procedural tactic that Neo-Conservatives screamed about when Obama used it to ram Healthcare through. Everybody knew it wasn't sound fiscal policy, especially during war time, and yet it was pushed through anyways with the understanding that it would expire at the end of the decade or we'd face long term financially catastrophe should they remain in place. There is no evidence to suggest that it did anything to spur economic growth in the United States, but it clearly stimulated the Chinese and Japanese economies as we had to borrow Trillions from them to offset the loss of revenue. There is also plenty of data showing that the elite wealthy these tax breaks benefit invest outside of the US into emerging markets which weakens the American economy even further.

    We can't even begin to discuss this topic rationally until you get through the propaganda. And the first step in that quest is calling this issue by what it really is: The end of a tax holiday. Not, a tax increase.

    November 22, 2010 at 5:53 pm |
  118. Remo, from beautiful downtown Pflugerville Texas

    Mr. Buffet, I salute you.

    November 22, 2010 at 5:59 pm |
  119. Kandyce Koop

    Thank heaven for reasonable, thoughtful people like Warren Buffett. It is to bad most wealthy Republicans and Libertarians think only of their own wallets

    On another note: the young boy who was supposedly groped – he set off the machine when he went through so his father removed his shirt to expedite matters and the TSA employee was helping the child put his shirt back on!! There was NO groping involved. Not surprising how many small minded individuals reach nasty conclusions when innuendos propogated by Limbaugh and/or FOX News.

    November 22, 2010 at 6:00 pm |
  120. Midwest Jim

    Americans must stop borrowing against the future and pay our bills now. That means raising taxes on those who can pay–like me.

    November 22, 2010 at 6:02 pm |
  121. Bob in Kansas City

    Show me one rich guy/gal that files a 1040 short form taking only the standard deduction and I might sympathize with them.....as Buffett said in the past, he pays less percentage wise than his secretary. Let the cuts expire for them.

    November 22, 2010 at 6:05 pm |
  122. becky - Las Vegas

    Higher the income, higher the taxes paid. Seems logical. Whoops, that means is CAN'T be government policy.

    November 22, 2010 at 6:09 pm |
  123. David

    I am affected by taxes on dividends. I am affected by capital gains taxes. Raise my damn taxes already. Yes I am serious.

    David
    Gainesville, VA

    November 22, 2010 at 6:10 pm |
  124. Birddog in Mississippi

    Jack, I make over $300K in taxable income per year. Put me down as one of those who say raise my taxes please. This country has given me a lot. The extra $1500 isn't going to hurt me a bit and, no, it won't prevent me from hiring anybody. Extend unemployment, we need those folks to spend money, and they need the money to spend. Use our money for infrastructure now, and that will get the economy going. Once it is, put it toward the debt.
    By the way, Birddog is my real name.

    November 22, 2010 at 6:11 pm |
  125. Tricia

    Most definitely! At least the percentages should be the same!

    November 22, 2010 at 6:15 pm |
  126. William Walter

    The wealthy should be required to pay taxes at a much higher rate .
    Period.

    November 22, 2010 at 6:15 pm |
  127. Sunshine

    I have to laugh. This goverment says tax the millionaires, well someone making $250,000 is not a millionaire in my book. If Buffet is so concerned,, I suggest he and Gates give some of their billions to Obama to pay back debt. Tax breaks should go to everyone except those making over a billion. That should end the conversation to Buffet.

    November 22, 2010 at 6:16 pm |
  128. Jim

    Jack,

    In a word, Yes!

    Jim in Denver, CO

    November 22, 2010 at 6:16 pm |
  129. Chad

    I disagree with Mr. Buffets statement. The rich should contribute more to charity, use their money and influence to help people, but they shouldn't be forced to pay more. Government's job is to protect life, liberty, and property, not to force someone to be charitable by taking away their property.

    November 22, 2010 at 6:16 pm |
  130. Joe California

    Yes the Rich should have some Godly sense to know that it's time for their wealth be the process of the healing of the country.

    It's only the few fat cats that's sharing their wealth to the GOP to keep the rest of the world or should we just say the USA in poverty.......

    November 22, 2010 at 6:16 pm |
  131. Barbara Navarro

    Absolutely! the top one or two percent have had a tax vacation for the last ten years and it is time for them to go back to paying their share. More and more people are jobless, hungry, and homeless, while the wealthy are living better than ever before.

    November 22, 2010 at 6:17 pm |
  132. Bub

    My union was recently busted by a Fat Cat and it would give me the warm and fuzzies knowing that he might be coughing up a few more hairballs this year! Im sorry Jack, but that is going to mean you may be digging into your wallet a little bit more too. Im just struggling to make ends meet.

    Bub from Indianapolis

    November 22, 2010 at 6:17 pm |
  133. Doug Werts

    Its time to get serious here in the USA. They should let the Bush Tax reductions expire for "everyone" on Dec 31st. Let's see if congress has the nerve too let this happen.

    November 22, 2010 at 6:17 pm |
  134. Albert Dorsch

    Let's tax fairly and equally. If warren would like to make a donation to the IRS he is free to do so. It's a free country.

    November 22, 2010 at 6:17 pm |
  135. reid

    Buffett must be losing it – getting old like me. I'll listen to him when he does exactly what you said, Jack, write a big check to the government!! They'll accept it.

    November 22, 2010 at 6:17 pm |
  136. Richard

    Absolutely. The rich have fared extremely well over the last 30 years, while the middle-class and poor have lost ground. The Bush tax cuts did not cause the purported job growth that Republicans claim will be harmed if taxes return to Clinton-era levels.

    November 22, 2010 at 6:17 pm |
  137. Arnold MI

    Yes, I agree with Warren Buffet that the rich should pay more taxes. Many of the filthy rich have more money buried in tax shelters and tax deferred accounts than the U.S Treasury has. They complain about their taxes being to high, and the entitlement programs that many people depend on for the basic necessities to to keep a roof over their heads and food in their stomachs. Many say that the entitlement programs are dragging the economy down when it is their greed that is dragging the economy down. The massive wealth that they have stashed severely effects consumer spending and this causes the sluggish economy we are experiencing. After they force people onto entitlement programs, the recipients of the programs are no longer paying taxes, but are getting paid by the government not to work. This effects the tax revenues that the government would have collected.

    In order for the government to run efficiently, we need to balance spending and wages out with the cost of living. With the huge amount of consumer debt we have, and one of the lowest saving rates on the planet, it is very obvious that we have not accomplished this, and the wealthy have stuck us with a 13 trillion dollar National Debt. It is time to send them a past due notice!

    November 22, 2010 at 6:17 pm |
  138. Gayle

    I agree with wrreb buffet the upper class in this country re the only one who have done well in the past years. Why really gets me is that the millionaires in congress who are the first ones to cut benefits to people who need it wouldn't think of paying their fair share. What a bunch of hypocrites!

    November 22, 2010 at 6:17 pm |
  139. Don in Indiana

    Yes. How rich? An income of $250,000 and above (inflation adjusted) seems about right.

    November 22, 2010 at 6:17 pm |
  140. Randall of Texas

    As tthe tax cuts began and were of course lower the taxes the poverty level began to rise. The rich want our courts and our military to protect their wealth so their premiums should be higher.

    Capitalism will create wealth but destroy our constitution just as it is doing. Rich folks are a sad lot of wimps.

    Randall of Texas

    November 22, 2010 at 6:18 pm |
  141. Sean St. Louis ,MO

    Yes,Rich should pay more it's called giving back to society. It;s in the Bible money is the root of all evil.

    November 22, 2010 at 6:18 pm |
  142. helene lyne

    yes, rich people should pay MUCH more in taxes

    November 22, 2010 at 6:18 pm |
  143. Dale Rott

    Bless Buffet's Billfold.
    He can pay my taxes also.

    November 22, 2010 at 6:18 pm |
  144. Ron Schnatzmeyer

    You said yourself, the obvious compromise is let the tax cuts expire for those making over a million. Duh. Why is it this does not seem to even cross the minds of anyone in congress? It's just another example of the all or nothing mentality of the government.

    November 22, 2010 at 6:19 pm |
  145. Gary

    Well Jack, i'm a Mox's real news channel watcher so I know that I'm a no good lazy bum who deserves to eat the dirt of my Load and Masters in the uper income brackets and in fact I should pay more to honor those that like they say are better Real Americans then me and I should be ashamed to even be in the same country as these folks.
    So no the trader to Millionairs and the upper class that he is trying to sell out should be himself forcefully removed from this country as well as those of us who make less then 250,000 a year.

    November 22, 2010 at 6:19 pm |
  146. Travis

    As Mr Buffet said in his '06 interview with Ben Stein, "I pay less taxes per dollar than a secretary that works at Birkshire Hathaway and that's just not right". Yes, absolutely the rich should pay more taxes! How much money does the top percent of Americans need?

    November 22, 2010 at 6:19 pm |
  147. jim

    Rather than extend the tax cuts maybe Congress should make taxes voluntary and then we could find out just how much the people care about this nation. My guess is that there won't be too many who will put this country before themselves.

    November 22, 2010 at 6:19 pm |
  148. William D. Barnard

    I agree with Buffett.

    Those in the top 2% of the income bracket would still get a reduction on the first $250,000.

    Given average middle class incomes have been stagnant over the past ten years while those at the top have had incredible increases, it seems only fair that we give a break to the middle class and for those who have the broadest shoulders to pay a little more, especially since they have benefitted most.

    November 22, 2010 at 6:19 pm |
  149. Isabel from Marquette, Michigan

    It's tiring to hear the expiration of the Bush-era tax cuts mislabeled as a "tax increase". This is a no-brainer! When President Clinton turned our country and economy around, he instituted a tax structure which resulted in a balanced budget. If we had continued with that structure, we would not be saddled with the largest debt in this country's history. Where do you come off calling this "the largest tax increase in history"? It is NOT! It is reversion to a saner structure which is our only hope in order to pull ourselves out of our economic quagmire. If the super-rich don't mind, why do you?

    November 22, 2010 at 6:19 pm |
  150. kathlyn Parks

    Buffet's right. Rich people should pay more taxes. I'm in a higher income bracket, and I'd be happy to pay more to help reduce the deficit. To paraphrase Brit prime minister Cameron, "Those with broader shoulders should bear more of the burden." It's only fair, and it's only common sense.

    Kathryn Parks
    Franklin TN

    November 22, 2010 at 6:19 pm |
  151. Steve from Texas

    Buffett is absolutely right. For the last 10 years, the rich had it very easy. He debunked the GOP myth that "trickle-down economics" works and that we should give tax cuts to the wealthy because they'll spend it. When the tax rates were higher during the Clinton years, 22 million jobs were created, but when President Bush signed his tax cuts into law, we lost over 8 million jobs in 8 years of his presidency. Coincidence? I think not. Trickle down economics does not work.

    November 22, 2010 at 6:19 pm |
  152. Raj kandada

    Obama and the Democrats are saying the truth to save this economy and the country from going into huge debts. Well we had these tax cuts the last 6 years and still the economy went down. Republicans and Dems should negotiate and maybe end with taxes for somebody above 500K.

    By the way truth hurts for the reason that is the fact.

    November 22, 2010 at 6:19 pm |
  153. admiral ackbar

    The wealthy pay more in dollar value but less in percentage of income. Not only should they pay their fair amount and a minimal percentage.

    The people who actually pay nothing or get back more than they put in the system should pay their fair share too.

    The government not only protects it own, the rich, but enables the masses to become impoverished.

    November 22, 2010 at 6:19 pm |
  154. dbmartin

    i think the tax rates should revert to the rates during the late 50's and early 60's during which america experienced the greatest economic expansion in history thanks to the foresight of Eisenhower.

    November 22, 2010 at 6:20 pm |
  155. Jeff M

    Last I checked, Warren Buffet is better with money than 99.9% of us. So why wouldn't we listen to him? And why would people – especially those in the lower tax brackets – begrudge him for this position? After all, is Buffett going to stop investing because his tax rate goes up? The top marginal rate was north of 70% when he bought Berkshire – that didn't hold him back!

    November 22, 2010 at 6:20 pm |
  156. Gregg Niemi

    Jack,
    The top 20% of Americans own 85% of our assetts. The next 20% own another 11%. That leaves 60% of Americans to scrap over 4% of the country's wealth. OF COURSE the rich should be paying more taxes! Anybody who thinks differently probably never passed grade-school math - or else they just want to keep what they've got and to he(ck) with the rest.

    November 22, 2010 at 6:20 pm |
  157. Michael Allender

    Why shouldn't the rich people pay more? They used the system to become very rich, and in this time of serious need, it's appropriate for them to pay back. Their expenditures on things like jewelry, yachts, airplanes and gold bed frames don't 'trickle down' very far to either help the truly needy or the US economy.

    November 22, 2010 at 6:20 pm |
  158. zva115

    I have an idea....extend the tax cuts with a "catch" ...those people making more than a million dollars a year have to pay to make thier accountants available to those of us making less so we can have access to the REAL tax breaks!

    November 22, 2010 at 6:20 pm |
  159. rick

    Hell yes they should!! Its just that the rich make the rules thats why they do not pay higher taxes . Cmon, if you disagree you are not being honest with yourself.

    November 22, 2010 at 6:20 pm |
  160. Matt, Miami FL

    Honestly Jack i think the question has to be "Should Warren Buffett serve as a model for what responsible business men need to be?" He endorsed President Obama and is for a tax increase on the rich? and it was even he who said "Its class war, my class is winning and it shouldn't be".

    November 22, 2010 at 6:20 pm |
  161. Matt

    That's the main problem with Liberals, They are always demanding that other people do what they think is right (whether it actually is or not). I'm with you, Jack, when you said if they want to pay more taxes write a check!

    November 22, 2010 at 6:21 pm |
  162. Jim Blevins

    Nothing could be more obvious. Millions of American children go to bed hungry each night while the rich waste money in thousands of ways. You cannot convince me that the product of any man is worth hundreds of times more than the product of most people. This trickle-down philosophy is total nonsense, there is no data to support it. There are no taxes on money spent to hire people, it is fully deductible. There is no good reason to not tax the rich at a much higher rate and every reason to do so. What is really bothering are the voters who support the nonsensical reasons the rich use to maximize their own wealth.

    Jim, Craig, CO

    November 22, 2010 at 6:21 pm |
  163. Jemc50

    You know, Mr. Buffet, may be correct. And to show that his heart is in the right place, he can write a check to "United States Treasury". The amount can be left up to him, but we will judge how patriotic he is by the amount he invests through his donation to the Treasury.

    November 22, 2010 at 6:21 pm |
  164. Dane from

    Yes, the rich should pay more taxes. They've had these tax cuts for a long time now and it obviously hasn't done any good for the economy. They're just greedy, and we're just stupid to put up with it. Unfortunately, our legislators don't work for us, they work for them. So I doubt it will happen.

    November 22, 2010 at 6:21 pm |
  165. k. henry

    There is a war on the middle class, and the middle class is loosing. The trickle down theory is really trickle to China. And the Chinese seem to be doing just fine.

    November 22, 2010 at 6:22 pm |
  166. Gary

    I agree with Mr. Buffett, whom I admire very much. Although I am no where near the proposed $250,000 cutoff for the Obama tax proposal, I would be willing to take a ten percent cut in my SSA check, and would propose this for anyone with Adj. Gross income over $100,000. One caveat–These extra funds would be for debt reduction ONLY. The republican answer to our dilemma is to cut taxes and spending, which is a net zero in my checkbook. Brilliant!

    November 22, 2010 at 6:22 pm |
  167. Jerelyn

    The ones that want to pay more should send in a check but it should go directly into that social security "locked box".

    November 22, 2010 at 6:22 pm |
  168. Tracey

    Yes. I think the wealthy should pay more taxes. That's why I believe in a flat tax. The wealthy would pay their fair share and most people would actually pay less taxes and it would be a lot easier to do your taxes.

    November 22, 2010 at 6:22 pm |
  169. Doreen G

    For the short term, Congress should just extend the tax cut. It is obvious to almost everyone that in this economy, no one, low income or high income can afford to pay more taxes if we want the economy to recover quickly. For the long term, the entire tax code should be rewritten. It is too complicated and everyone is not paying their fair share. Too many deductions for the richer among us allow too many to get away without paying their share. It is unethical that people have to pay experts to fill out their taxes because they are too complex. Let's simplify everything and ensure that everyone is paying something.......a flat tax rate for all with no deductions is the way to go. Everyone pays the same percentage of their income. Maybe that is 3%, 5% or 1% but everyone will pay. Maybe we could make it high enough so that we could get rid of all the other silly taxes we pay now (excise, real estate, sales, medicare, social security...etc.) and money could be sent to out states and towns from this overall flat tax and everything could be simpler! The key thing is to get rid of ALL deductions and make it simple!!!!

    November 22, 2010 at 6:22 pm |
  170. Raymond

    The Republican fallacy that wealth trickles down is a joke. It doesn't and never will–too much greed. Tax the rich who make over one million and provide tax relief to the middle class so they can actually payoff the things they purchase instead of using credit, or other creative mortgage tools.

    November 22, 2010 at 6:22 pm |
  171. Kevin J Ryan

    Jack, of course the wealthy should pay more taxes. No one ever talks about the tax free dollars that they use every year, ie. expense accounts. Do you think the IRS checks their expense accounts? There are many more wealthy people and by wealthy I mean people with a ;lot more than $1,000,000. Look at the UBS scandal and all the squirreled monrey in Switzerland that is avoiding US taxes. The UBs scandal is only the tip of the iceberg. The wealthy get away with a lot-a lot more than any middle class taxpayer. I personaly know small business people whose cars, gas, phone and internet and domestic travel and meals are all paid with untaxed dollars. They have plenty and can afford to pay with no hardship.

    Kevin J Ryan

    November 22, 2010 at 6:22 pm |
  172. Rudy

    Jack, Yes, Mr Buffet is correct , to have the rich pay more taxes.

    November 22, 2010 at 6:22 pm |
  173. Michael Healy

    We need the tax cuts for those making less than 250,000 to stay in place and all the other above that should expire. The problem is that we have so many of our politicians, some 40% are millionaires themselves, so they have no idea what being middle class is all about. Wake up Congress and Senate it is the middle class average voter that put you in power so work for the people who elect you.

    November 22, 2010 at 6:22 pm |
  174. Natalie Cornell

    Yes, Jack–rich people ought to pay more. I've never seen such a bunch of whiney, selfish, unpatriotic people. They would have us borrow 700 billion from China to give them a tax cut. Plus, what did your comment mean when you told Warren Buffet to "send a check?" Sounds like your bias is showing. We really can't depend on the rich being like Warren Buffet and we certainly can't depend on volunteers among the rich, Jack. Bottom line: they need to pay more taxes. To whom more is given more is expected. Natalie Cornell

    November 22, 2010 at 6:22 pm |
  175. Cathy

    God bless Warren Buffett. It's wonderful to know there are some filthy rich folks that don't need the "bought and paid for" Republican mouthpieces spewing their "we must not raise taxes or the sky will fall" mantra. Until the good President Regan came along the tax rate for the top bracket was never less than 70%. Let's go back to the pre-Regan tax cuts and this country will start to grow again.

    November 22, 2010 at 6:23 pm |
  176. Kat Berton

    Any reasonable fair minded person would of course say "yes". Shame on those who make huge amounts of money and don't understand that all the "little" people in this country make it possible for the big guys to succeed. I have no problem with a few extra thousand dollars to contribute to the country that allows such wealth to be accumulated.

    November 22, 2010 at 6:23 pm |
  177. Myrna Pillers

    They certainly should pay more in taxes. They have so many tax shelters , foundations, etc., it is shameful that the Republicans want to talk about sales tax, added value taxes etc., that would burden the lower and middle classes even more. Shame on the Republicans!

    November 22, 2010 at 6:23 pm |
  178. Leticia St. Louis, MO

    I do think the rich should pay more taxes, for some reason they have all extra money to do anything else in the world then look at the middle class like we did something wrong. Not every dime you "donate" goes to helping your charities or send our kids to college. I think it's a great idea!

    November 22, 2010 at 6:23 pm |
  179. Rocco in Jersey

    . Absolultely , the rich should pay considerably more in taxes since america has allowed them to achieve their dreams. A lot of rich people are selfish and greedy so they are not going to just let their money "trickle down" to average people. Therefore the government has to step in and make the system fair for everyone. The rich should have a moral duty to share their wealth with others.

    November 22, 2010 at 6:23 pm |
  180. Farmer Charlie

    During the last twenty years or so we have seen a substantial redistribution of income to the upper income people, and the middle class people have lost wealth and net income It is only fair–not to mention economically more efficient–for upper income tax rates to return to their pre-2000 levels In my opinion even the middle income cuts should expire when the economy has recovered. That would go a long ways toward eliminating the structural deficits caused by the Bush tax cuts, two unfunded wars, and the Medicare prescription drug bill.

    November 22, 2010 at 6:23 pm |
  181. Larry

    Americans need to wake up and realize the trickle down theory is like a dog watering a tree. It's time the rich helped pay for some of those corporate bailouts.

    November 22, 2010 at 6:23 pm |
  182. Rick

    The Republicans are blocking unemployment benefits for the workers who used to have jobs until many of us were outsourced. The Republicans also caused this country to pay 100's of millions a day for a war that their fearless or clueless leader ended up saying was a mistake. But that was ok! Not even counting the young men and women that got killed and wounded – and they can't fund us the workers that they helped outsource? Maybe the middle class should invest in a little tar and some feathers! It worked in the old days – this guy Boehner is a real joke – isn't it pronounced Boner anyway! There is no "A" in Boehner. I'm tired of these guys not wanting to help us the people. If you give the rich a tax beak the just take the money and outsource us – so how good is that? Support the unemployed Bone head!

    November 22, 2010 at 6:23 pm |
  183. Robby Robinson

    Are you kidding me Jack ??

    Of course the rich shouldn't pay more taxes!!
    Why is it that we live in a country where we penalize those who do well(the rich) and reward those who don't(Welfare)?

    Being self employed, I get hit hard with my self employment tax(social security) that for all intents and purposes will not be there when I am ready to retire yet those on welfare keep having more children and get more cash each month.

    Ah yes, America !

    November 22, 2010 at 6:24 pm |
  184. Don Sweeney

    Yes. I would think those more fortunate than the rest of us would want to. Isn't that the "American Spirit" ? As JFK said: "ask what you can do for your Country".

    November 22, 2010 at 6:24 pm |
  185. Jim

    If it is the responsibility of each of us over a certain income to make sure we do our part then the only “Fair” way is to establish a mean living income. All income after that must be turned over to the government to distribute to the under achievers so we will all have that “Fair” income. Just think how many people could be subsidized by the incomes of Michael Moore, Nancy Pelosi, John Kerry, and Barbara Streisand alone

    November 22, 2010 at 6:24 pm |
  186. Phil G, FL

    No! How about tax everyone according to what they spend their money on? How about a little support for the Fair Tax legislation?

    November 22, 2010 at 6:24 pm |
  187. Natarajan

    I enthusiastically endorse the idea that rich should pay more taxes than what they now do.I also recommend that everyone else must also be taxed more till US budget is a surplus.
    NATARAJAN
    Chesterfield, VA

    November 22, 2010 at 6:24 pm |
  188. Richard, Kankakee, IL.

    The rich are far too busy trying to funnel their money overseas, where they will pay no taxes, if that means that American fails they are clearly happy with that, ever since the campaign started in the early twenties to lower the taxes of the rich, the middle class has had to bare the burden of it all, Let be real income taxes was never meant for the people's wages, it was meant for corporations to pay for using up our countries limited resources which are disappearing fast due to our inability to recycling what we have already taken out of the ground! America is dieing a fast death because we refuse to do what it takes to make our country ready for the 21 century and beyond, living to go back to the past just makes us obsolete, stagnate, and irrelevant to the rest of the world!! The titles of World Leader and Super Power is fading fast before our eyes!

    November 22, 2010 at 6:24 pm |
  189. Mary ann Boone

    Jack, I agree with Warren Buffet and he knows money !!!!!! If your rich flaunt it towards the country that made it for you !!!!

    November 22, 2010 at 6:24 pm |
  190. Matt, Little Rock

    I feel that the taxes are too high for lower and middle income households, and too low for upper income households. Having grown up relatively poor, I think that any household making an average income at or near the poverty line should not be paying any income taxes.
    The "Trickle Down" effect that the super wealthy like to reference is a myth, perpetuated by the wealthy trying to keep their money out of anyone else's hands. The wealthy need to be taxed more, like Buffet says, but we cannot tax them out of existence, as that would destroy the American Dream. The Middle Class is the economic backbone of the country. If they are paying 10% taxes, the wealthy should be paying 15%. Their money sits in a bank accruing interest and dust. A tax increase should just be pocket change that they're willing to part with, not an unreasonable amount to be pried from their hands with the jaws of life.

    November 22, 2010 at 6:24 pm |
  191. Dane from Ft Lauderdale

    Yes, the rich should pay more taxes. They've had these tax cuts for a long time now, and it obviously hasn't done any good for the economy. They're just greedy, and we're just stupid to put up with it. Unfortunately, our legislators don't work for us, they work for them. So I doubt their taxes will go up any time soon.

    November 22, 2010 at 6:24 pm |
  192. Susan Springfield. MO

    I do believe they should. And they have been saying so for a long period of time. The stats show that in the past there are more rich people now than in the past 15 verus 45 is the rate of increase. Inversely, the increase of the homeless, poor, percent of people falling out of the middle class and into the ranks of the poor or lower middle class is astonishing. It's as if money is being funneled up into the hands of the ultimate rich. That is TRICKLE UP For the first time in our history we have people from other countries sending relieve agencies helping people here in the United States. And the fact that thes groups going around the country tha spend a weekend giving free medical, dental and eye care is also astonishing. They work around the clock and by the time they have to stop work they still leave people unserved. It's what is called Third World America

    November 22, 2010 at 6:25 pm |
  193. Rick O.

    I used to be of the opinion "Let the rich be rich, they pay big taxes, and eventually spend their money anyway, so we all benefit". However, it's no secret that these days, the fat cats will use all means possible, legal or otherwise, to shelter themselves from benefiting anyone outside their private sphere. And worst yet, our corrupt politics nutures this immoral greed worship.

    November 22, 2010 at 6:25 pm |
  194. HZ

    Absolutely. Funded government projects are the engine of innovation. There is at least a method to tax and spend but little or none for the trickle down effect. The trickle down effect does not feed basic research projects that are years ahead of application.

    November 22, 2010 at 6:25 pm |
  195. Russ

    I can only answer this question by first defining what "rich" means to me. A person is rich if they have assets over 1M and yearly income over $500,000. My answer then is YES.
    PHOENIX, AZ

    November 22, 2010 at 6:25 pm |
  196. Dana from Pittsburgh

    Buffett is right. Over the past decade, as the gap between rich and poor has widened, and the wealthy just keep getting wealthier, more jobs have not been created. Why do Republicans think this will suddenly change? Or are they simply yelling "higher taxes!" "higher taxes!" to keep their base revved up? Trickle down economics didn't work in the Reagan era, and it won't work now.

    November 22, 2010 at 6:25 pm |
  197. John C

    Of course. The rich stand to lose the most if our entire system comes crashing down. Not me, though – us have nots can't have much less, and will just contimue to scrounge for existence. The rich should be paying protection money against our downfall, lest we meet eye-to-eye the hard way.

    November 22, 2010 at 6:25 pm |
  198. david bidlack

    jack the highest taxed people in american are those who make $100,000 a year or married persons who each make $100,000 a year if you add social sucerity taxes withheld. the rich no longer have social sucerity taxes taken out of their checks after they earn more than $100,000 during the year. take the cap off of social sucerity taxes withheld and you just fixed social sucerity. the rich may say that is not fair because they won't need social sucerity when they retire. i guess once you have money you can never go broke right ?

    November 22, 2010 at 6:25 pm |
  199. Eddie in Arizona

    Why is this even a question? If the rich themselves are saying "Tax us please", who are we to argue? We should applaud these rich who willingly say we have too much money and not paying enough taxes. Is this such a refreshing concept coming from the wealthy that we have to wonder? Or, are we just being Americans who loves to debate everything to death. This is a no brainer. Tax the rich ! They are asking for it.

    November 22, 2010 at 6:26 pm |
  200. Mikey2ct

    We need a long-term incremental tax increase on very high incomes.Adding new brackets would also help. Waterbury, Ct

    November 22, 2010 at 6:26 pm |
  201. Anthony Palombit

    There is more than enough proof that tax cuts do not benefit America's economy. The last ten years of tax cuts did not increase America's economic growth and employment. The top income/revenue earners have made out like bandits, even during the recession, and it is time to put America first over their greed and consumption. Look at the statistics regarding how the top 2 percent have increased their wealth at the expense of America's Middle Class – it is down right unpatriotic.

    November 22, 2010 at 6:26 pm |
  202. Maureen Scully

    Yes! Millionaires can go back to their previous tax rate. They managed to survive and even thrive in the past when they were paying this slightly higher rate. Buffet is a true patriot.

    November 22, 2010 at 6:26 pm |
  203. Judy Bise

    Trickle down is not working for the shrinking middle class or the growing number of the poor. Increase taxes on the wealthy, close tax loopholes and pursue offshore bank accounts.

    November 22, 2010 at 6:27 pm |
  204. Ingo Krieg

    My favorite billionaire. He understands where he came from and how he got there.

    November 22, 2010 at 6:27 pm |
  205. George F, Southgate, Michigan

    Yes Jack, to whom much is given much is required, render unto ceasar that which is ceasars. Being born, educated, and sucessful in the U.S. is awesome and few like Mr. Buffett realize it!

    November 22, 2010 at 6:27 pm |
  206. Sean St. Louis, MO

    Yes, they should pay more it's called giving back to society. The wealthy should know money is the root of all evil. You don't get blessed unless you help bless others. Beside it's not you'll are going broke or will be in poverty like most of us all.

    November 22, 2010 at 6:27 pm |
  207. Nicole

    It makes me so made that people like Mr. Buffett are used as a “figure” heads to increase taxes on the “rich”. Mr. Buffett is a billionaire however those who make 250,000 are incorporated in the “rich” tax bracket just like Mr. Buffett. Democrats love to uses Mr. Buffett and his rants to pass their agenda however people who make 250,000, 500,000 and even 800,000 a year are no where in the same ballpark as Mr. Buffett and the other billionaires and multimillionaires that politicians use as their justification to increase taxes. We need Tax reform.

    November 22, 2010 at 6:28 pm |
  208. Jerry

    Rich people already pay more tax dollars, because they pay more money at a higher average tax rate than people with average incomes. Putting an additional tax on the rich is like punishing someone for being successful. Shouldn't we reward people who are successful, isn't that the American dream?

    November 22, 2010 at 6:28 pm |
  209. Lee from Wyoming

    Mr. Buffet is right, along with the other wealthy people who started this movement. Now, somebody needs to plug the loopholes, which will be a real trick.

    November 22, 2010 at 6:28 pm |
  210. cyros

    From a middle class standpoint it is GREAT to hear a wealthy person admit that they should (finally) help address the countries worst recession.

    But this recession is different in that the banks report record profits while the middle class continue to loose their jobs, homes and, assets – while the rich continually write off their taxes and continue to collect their social security.

    November 22, 2010 at 6:28 pm |
  211. Howe

    Wealth does not get taxed. Income does. How many does Mr. Buffett employ to avoid taxes? Mr. Buffett comes out in favor of every tax increase. His response to Gov. Arnold in ca.was to raise property taxes. He came out against repealing or scaling back on the inheritence tax. The later being very self serving, Making profitable companies with a huge tax burden due to a death ripe for the picking. So mr. billionaire is in favor of raising the taxes on couples making 250k a year. By the way what's stopping Warren from cutting a big fat check to the treasury? They'll cash it.

    November 22, 2010 at 6:29 pm |
  212. lyle bangart

    Absolutely the richest people in this country should be paying more in tax's. Also the corporations that are taking our jobs overseas should also be paying higher tax's. And they should have to pay their laid off workers 25% more than their states highest unemployment no matter what there wages were as well as it should be paid until the worker finds new work along with job training. It is time to stop coddling these UNAMERICAN CORPORATIONS LYLE

    November 22, 2010 at 6:29 pm |
  213. Richard, Kankakee, IL.

    What since does it make to have 98% of Americans paying on every penny they make each year, and give a pass to the rich who stop paying taxes once they hit around $150,000 dollars and above when they clearly are making millions if not billions per year. Giving the rich a pass like this is completely UN-American and just a way to shift the whole tax burden off of the rich onto the poor and middle class who use far less resources then the rich and corporations in our country!

    November 22, 2010 at 6:30 pm |
  214. Dale

    Yes, I think the rich should pay more tax.
    And can you answer one for me?. Did the 15% bracket ever get a tax cut to begin with? I'm 56, do my oun taxes, and it seems like I've been in this bracket forever. Why is everone so intent on telling me I'm going to lose something I never got in the first place.

    Dale, Buffalo

    November 22, 2010 at 6:30 pm |
  215. Gary

    The best part of this is that President Obama may punt this issue straight to the next Presidencial election and we will have to hear all the lame dum Right mass media lies again as we try and decide who to have as the commander in Chief in 2012. Thanks a lot for that.

    November 22, 2010 at 6:31 pm |
  216. David in Raleigh, NC

    Buffet who's an Obama supporter should be able to pay more taxes if he chooses.

    I don't choose to pay more taxes to fund Obama's Socialist agenda.

    November 22, 2010 at 6:31 pm |
  217. Kathy fron Delaware

    Yes, the rich can and shouyld pay more. This tax cut Republicans cherish so dearly equates in principle to the "entitlementns" they rail against. Aside from the fact that the poor and the jobless need help (!), what's the difference between the government "giving" away money for jobless benefits, food stamps, etc, and simply not collecting what they could from people who could pay? Far from "triclling down," these tax cuts have proven over the past 30 years to widen the income gap to threatehing levels. No brainer, I believe. Tge rich should pay more.

    November 22, 2010 at 6:32 pm |
  218. Peter Maier

    They should pay more, but they probably will find loopholes in the tax laws to pay less. Tax loopholes should be closed, but with 50% of our representatives in Washington making more than a million a year, such loopholes will remain open.

    November 22, 2010 at 6:32 pm |
  219. cyros

    this why we need some over site – most people with money are greedy and lie. otherwise they would not be afraid of full disclosure.

    November 22, 2010 at 6:34 pm |
  220. Jorge

    I admire Warren for what he is doing. There will always be disagreement among men, even though we all know deep inside what is right and wrong. Adults behaving like children...how sad.

    November 22, 2010 at 6:34 pm |
  221. d owens

    Yes, Jack I believe that rich people should pay more in taxes that would give the economy a booast. Although I don't pay taxes; I am a disabled person..

    November 22, 2010 at 6:36 pm |
  222. Spads

    Warren Buffet knows, as well as everybody else in business, that private equity is just sitting upon the billions and billions that they have gleaned from us, looking for that "special" investment opportunity. All the while we suffer massive unemployment. Son while they are waiting, lets tax the be-jippidees out of them!

    Warren Buffet is probably the ONE true honorable capitalist on the planet.

    November 22, 2010 at 6:37 pm |
  223. John Black Hills/SD

    The nation with the happiest, healthiest, and highest educated citizens belong to Denmark. They pay the highest percentage of taxes of all developed nations, but Denmark's citizens are well taken care of. There is no under class, no uninsured, no homeless because they take care of their own citizens first, paid for through taxes. No one complains because everyone is secure knowing that they're part of a structure that won't let them down.

    November 22, 2010 at 6:38 pm |
  224. Howe

    Some of the most ill informed comments I've ever read. A small percentage actually pay federal tax. boatloads qualify for the earned income tax credit. fYi is a federal give away. The unemployed guy in Chicago, who's going to hire you? The answer is somebody who has more than you, that's who. raise your hand if you've ever been employed by the poor.

    November 22, 2010 at 6:39 pm |
  225. David Clark

    The proposed tax hike is only 3% more and it would only return the tax rate to the same as it was in the late 1990's. Anyone making over $250,000 per family would hardly even notice the difference.

    I can tell you why people that make a lot of money should pay more. People that make big bucks only have that opportunity because of huge expenses made by our society. Employees come to employers already educated. The justice system protects wealthy people's property and their liberty. Businesses use roads paid for by society to get customers to their front door and merchandise in the back door. A modern society costs a lot to create and maintain and it is only with those expenditures that people like Warren Buffet can make such huge profits and wages.

    Rich people benefit a lot more than poor people do from this modern society and therefore they should pay a larger share of their wealth for it.

    He understands that his sucess is only due to our society's overall financial health and so he is willing to pay more which he believes is morally right and in his best interests.

    It also goes without saying that you can only get more money from places that actually have it!

    November 22, 2010 at 6:39 pm |
  226. Mary Ann

    I grew up in the 60's when John F Kennedy said "Ask not what your country can do for you but what you can do for your country". It is so good to hear someone of reason speak to what is needed for this country and our future. We are diverse and I understand why people do not like taxes or perceived government waste but when some wealthy and corporations spend obscene amounts of money on campaigns which is a huge waste in this economy then I question why they cannot pay their fair share of taxes. I have much to be grateful for this Thanksgiving and some of our fellow Americans are suffering. We give generously when others are hurting, why can't we do it for ourselves? I am middle class but I would be willing to pay a voluntary tax surcharge this year if others who could afford to do this would do it this year. To have any effect, the wealthy would have to be willing to give. I thank Warren Buffett for his courage and comments. This country has a long history of people who have made sacrifices to help make this a great country. Now it is our turn. In the words of some recent heros, "Let's roll" and do something to help the country and all of it's citizens.

    November 22, 2010 at 6:40 pm |
  227. Richard, Kankakee, IL.

    The best thing President Obama can do it to let all the tax breaks for all come to an end in January, and then come back with a tax break solely for the poor and the middle class, the rich have had it far too good the last 10 years, now it is time for the rest of us, to get what we clearly deserves since the corporations and the rich are blackmailing the country with jobs that they clearly have refuses to create over the last 10 years, even when they have had these tax breaks which created not one job!!! End this madness!

    November 22, 2010 at 6:41 pm |
  228. Thomas Smith

    I believe that the top 1% of Americans wealthiest should pay more in taxes. This great country gave them the most generous opportunities to achieve thier financial status. It is their Patriotic Duty to contribute generously so that others continue to have the same opportunities.

    November 22, 2010 at 6:41 pm |
  229. Dennis Q

    Absolutely. The law was passed with the intention that it expire. Quit changing the rules of the game. I am with Mr. Buffet on this one. Trickle down economics has been a disaterous failure. Dennis Q.

    November 22, 2010 at 6:42 pm |
  230. Dariel, Santa Rosa, CA.

    This is not the first time that Mr. Buffet showed his patriotism for America.
    He has proven that he a true American capitalist. He has also proven that he is not mentally ill. If one percent of the world has 90% of the wealth and one percent of the world is mentally ill, where does that leave the one percent that holds the majority of the wealth.

    When greed turns into gluttony and hording, with a side of obsessive compulsive disorder, what do you think that they're going to do?

    Make more and make more, and screw the U S of A.

    November 22, 2010 at 6:43 pm |
  231. Jim

    Jack,

    Yes, I absolutely agree. Buffet is a breath of fresh air, a wealthy person who actually thinks he and his fellow billionaires should be paying much more back to the nation that made their wealth possible. He and the rest of the Forbes bunch could pay tens of billions more in taxes without feeling it at all. Hoarding hundreds or thousands of times more than you will ever actually need while others starve is just sick.

    Jim
    Reno, Nevada

    November 22, 2010 at 6:45 pm |
  232. Diane H. Smith

    Yes, I sure do think the rich should pay more taxes than the rest of us. They can afford to do so. Under Eisenhower they were paying over 90% so they are paying WAY WAY less now. The rest of us are having a hard time just buying groceries and gas. Those of us on Social Security have not gotten a raise for a year and that is soon to be for two years yet almost all products are rising rapidly. Butter is now over $3 a pound, etc. etc. We need the taxes from the rich to help pay for what the country needs, new roads, bridges, etc.

    November 22, 2010 at 6:48 pm |
  233. Charla in Oklahoma

    My whole life my family has been considered as lower class income or poverty level, and yes we do pay taxes and never have missed a year. In a house hold of 7 we bring close to $47,000 a year and scrap to get by. If we where to have a larger income over $250,000 annualy it would be only right to pay more taxes. Public schools are closing in every state, taxes have been raised on property, DMV tags, Higher rates on electric, and if that was not bad enough gas prices are almost up to $3.00 a gallon. The middle and lower class can not afford to drive to and from work pay bills and keep food on the table because of taxes and a rise in cost of living without income increases, and more have lost his or her job because of states looking to find money some where. The middle class has paid more taxes in blood, sweat and tears doing jobs that most upper class people refuse. It is time to have the upper class to stop recciving breaks unless it has to do with going green. Any one who makes over $250,000 a year makes the money off the backs of his or her workers, the middle to lower class workers. We were promissed no more tax cuts for the rich and a higher rate on the rich and Obama has dropped the ball. It is easy to see he makes over $250,000 a year so why would he want to pay taxes now? It would affect his life and all his rich house guest that he throws extravgent parties for and the $100,000 paid in remodling of the White house, that type os spending as well as trips around the world costing $200,000 a day is a waste on money that could be spent where it is needed regaurdless of where it comes from. The rich need to pay more taxes and the former presidents should pay taxes if they have incomes over $250,000 yearly.

    November 22, 2010 at 6:50 pm |
  234. Spads

    David in Raleigh, NC, WILL pay more taxes if WE THE PEOPLE tell him too. Freedom Rings loader than money.

    November 22, 2010 at 6:51 pm |
  235. erin in Vancouver B.C.

    Taxes for the wealthy were well over the 90% mark after the great depression of the20's and 30's hit. It greatly helped to end the economic problem. Wall St. was also reformed then by Joseph Kennedy. The wealthy are not creating new jobs now. Why will they if they continue to have the current tax break renewed? The wealthy are not stupid!

    November 22, 2010 at 6:52 pm |
  236. David in Raleigh, NC

    Instead of raising taxes, we should be focused on cutting government spending.

    November 22, 2010 at 6:53 pm |
  237. Gordon Burlingame

    Yes, of course the rich should pay more , how about the rate they paid 25 years ago.

    November 22, 2010 at 6:55 pm |
  238. Annie, Atlanta

    Definitely. It was the rich that got the biggest tax breaks under Bush.

    November 22, 2010 at 6:55 pm |
  239. Duane Kiser

    Government stats for the last 40 years show that the average worker’s pay has only gone up 17% while the average CEO’s pay has gone up 3,500%. I would be willing to pay 17% more in taxes but only if CEO’s taxes are raised 3,500%.

    November 22, 2010 at 6:56 pm |
  240. steve weinerman

    this is a silly argument. the rich hire tax lawyers so they pay less than 99% of the people.thats why they are rich

    November 22, 2010 at 6:56 pm |
  241. murphy

    I remember as a young boy listening to one of the greatest leaders of the twentieth century speak one day,saying,"ask not what your country can do for you, but what you can do for your country." That statement should speaks loud and clear to those making more than $250.000 a year. The time is now for those individuals to step up and show their patriotism by giving back to the country and those who has made them so very wealthy.

    November 22, 2010 at 6:59 pm |