Changes

Buffett hypocritically supports raising taxes on the rich, while not giving the government any extra tax money himself. He wrote an Op-ed article for the New York Times begging for tax increases on the rich. Of Buffett's $50 billion net worth, he only paid $6.9 million in taxes 2010.<ref>{{cite web |last1=Novack |first1=Janet |url=http://www.forbes.com/sites/janetnovack/2011/10/12/warren-buffets-effective-federal-income-tax-rate-is-just-11/ |title=Warren Buffett's Effective Federal Income Tax Rate Was Just 11% |work=[[Forbes]] |date=October 12, 2011 }}</ref> His personal income tax rate is 1/7000th of his net worth. Critics, mostly on the right, have mocked Buffett's call to raise taxes. Like other [[liberal]]s calling for higher taxes, they can afford to pay more but never do on their own.

Buffett hypocritically supports raising taxes on the rich, while not giving the government any extra tax money himself. He wrote an Op-ed article for the New York Times begging for tax increases on the rich. Of Buffett's $50 billion net worth, he only paid $6.9 million in taxes 2010.<ref>{{cite web |last1=Novack |first1=Janet |url=http://www.forbes.com/sites/janetnovack/2011/10/12/warren-buffets-effective-federal-income-tax-rate-is-just-11/ |title=Warren Buffett's Effective Federal Income Tax Rate Was Just 11% |work=[[Forbes]] |date=October 12, 2011 }}</ref> His personal income tax rate is 1/7000th of his net worth. Critics, mostly on the right, have mocked Buffett's call to raise taxes. Like other [[liberal]]s calling for higher taxes, they can afford to pay more but never do on their own.

Buffett's company Berkshire Hathaway has been fighting with the IRS for almost a decade over taxes it owes, estimated to be $1 billion dollars.<ref>{{cite web |last1=Sheppard |first1=Noel |url=http://newsbusters.org/blogs/noel-sheppard/2011/08/30/warren-raise-my-taxes-buffetts-company-may-owe-irs-1-billion#ixzz1We56oSBm |title=Warren 'Raise My Taxes' Buffett's Company May Owe IRS $1 Billion |work=[[Newsbusters]] |date=August 30, 2011 }}</ref>

Buffett's company Berkshire Hathaway has been fighting with the IRS for almost a decade over taxes it owes, estimated to be $1 billion.<ref>{{cite web |last1=Sheppard |first1=Noel |url=http://newsbusters.org/blogs/noel-sheppard/2011/08/30/warren-raise-my-taxes-buffetts-company-may-owe-irs-1-billion#ixzz1We56oSBm |title=Warren 'Raise My Taxes' Buffett's Company May Owe IRS $1 Billion |work=[[Newsbusters]] |date=August 30, 2011 }}</ref>

== See also ==

== See also ==