"The mega-rich pay income taxes at a rate of 15 percent on most of their earnings but pay practically nothing in payroll taxes," Buffett wrote. "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."
He did not make his money by being stupid!!
"(CBS News) Starbucks Chairman and CEO Howard Schultz is brewing up a boycott of contributions to the campaigns of Washington politicians as a way of breaking the ongoing stalemate in D.C. politics.
If money talks, Schultz figures, it's time to shut off the cash in protest of the inaction in the nation's capital.
As CBS News Correspondent Ben Tracy reported on "The Early Show" Monday, Schultz's frustration seems to mirror that of most Americans tired of the lack of productivity from their elected officials."
Being held hostage by the Tea Party?