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David Zanoni offers the Momentum Stocks at a Reasonable Price subscription service. He is ranked in the top 1% out of over 8,000 analysts, bloggers, and experts and has a success rate of over 70% according to Tipranks.com. David is a graduate of Rutgers University with a B.S. in Management. He... More
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  • Warren Buffett’s Views on Taxes  0 comments
    Aug 19, 2011 9:42 PM

    I have great respect for Warren Buffett’s recent blog about how he and super wealthy individuals should be paying more taxes than they do currently.  This is what Buffett wrote:   "The mega-rich pay income taxes at a rate of 15 percent on most of their earnings but pay practically nothing in payroll taxes"  It's a different story for the middle class; typically, they fall into the 15 percent and 25 percent income tax brackets, and then are hit with heavy payroll taxes to boot."  What Buffett is saying is that the super wealthy have the advantage of paying only 15% in capital gains taxes.   Since most of their income comes from capital gains, Buffett feels that individuals similar to him in wealth should be paying more in taxes. He believes that anyone who earns $1 million or more per year should be paying more in taxes.

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