Warren Buffet Asks to Pay More Income Tax

A story in the Guardian site today quotes Warren Buffet unequivocally stating that he should pay more tax. Reading the piece and having followed Warren Buffet's claims in recent years, he seems genuinely concerned that he presently pays a far lower income tax rate than his employees do. Of the top ten billionaires in the world, I am certain that he is alone not only in commenting on the matter and further that he is intent on giving to philanthropy while being prepared to pay taxes too. He is also unique in not appointing tax planners with the view to reducing his overall tax burden.

As a normative discussion, it is very difficult to reconcile approaches about how to distribute the tax burden and given that fact, perhaps warren Buffet ought to advocate for a reduction of the income tax rates for all his employees to the 17.7% level. This would certainly be far better for them than to merely have Warren Buffet's income tax rate increased.