Occupy Wall Street

[Riot]

Originally Posted by dellinger63

What were Mr. Buffet's claimed charitable deducttions? Under the current tax code he is able to write them off!

Damn charities and rich people who support them!

If Buffet was half a man he'd drop what he was doing and live in a tent on Wall Street.

Buffett never announced his charitable deductions, but it is calculated to be about 23 billion - yes billion - dollars to Gates Foundation. Buffett has always said that when he and his wife die, the vast majority of their money will go to Gates Foundation (rather than leave a huge estate to the kids).

Buffett is fully supportive of the OWS movement. Buffett released this information in an attempt to garner congressional support for increasing the tax revenue from the rich by decreasing the loopholes, etc. that allow the more wealthy to pay a far lesser rate than the less wealthy.