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RE: Who pays more taxes?

in Project HOPE2 months ago

Hi @akdx

Taxes. One of my less favourite words hehe

It is often said that Warren Buffett, the renowned investor, once remarked that he pays less taxes than his secretary.

Except that it is not true. He may have paid less in income taxes, but we also pay taxes whenever we spend money (like VAT tax added to every single product or service). We pay taxes when we fly in the plane, when we pump petrol etc.
So if Warren Buffett said those words then he was just full of shit.

Wealthy may be able to optimize income tax and perhaps percentage-wise they often pay less than regular people do. But they still pay enormous amount of money in form of taxes. Even when buying expensive property alone.


it's a feature of a system deliberately designed to benefit the rich at the expense of the working class.

If those who are succesful (and as a result becoming rich) would not benefit then what would be the point of being succesful? We need rich and working class. One cannot exist without the other.

Cheers, Piotr

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They may pay bit more than others but it is also true that they have too much money and they also have lots of methods to save taxes while common man cannot do so.