Citizens who wish to make a general donation to the U.S. government may send contributions to a specific account called "Gifts to the United States." This account was established in 1843 to accept gifts, such as bequests, from individuals wishing to express their patriotism to the United States. Money deposited into this account is for general use by the federal government and can be available for budget needs. These contributions are considered an unconditional gift to the government. Financial gifts can be made by check or money order payable to the United States Treasury and mailed to the address below.
Gifts to the United States
U.S. Department of the Treasury
Credit Accounting Branch
3700 East-West Highway, Room 6D17
Hyattsville, MD 20782
http://business.guardian.co.uk/story/0,,2202020,00.html
He also avoids the death tax by giving his money away by giving it to charity when he dies. Yup, he sure thinks the Treasury deserves more money alright.
2007-11-06 10:08:03 · 8 answers · asked by Anonymous in Politics & Government ➔ Politics
Because Buffet is a hypocrite liar.
Nothing prevents him from paying all the taxes he wants to.
(His point is that he wants taxes raised of us working people.)
Just another phony Rich Democrat.
(Just notice, please, how many little gullible democrats actually believe Buffet, and fall for his phony lies.)
Schools aren't doing their jobs anymore, or Democrats wouldn't be so gullible and easy to fool.
Democrats, if you want to use your heads, a little. Figure up how much he's paying his receptionist for her to have to pay 37% taxes!!!!!!!
He's a liar, or she is getting rich being just a receptionist.
2007-11-06 10:21:15 · answer #1 · answered by wolf 6 · 0⤊ 5⤋
Our government shouldnt' be a charity case. How would that look to the world? We are in a horrible position already with the world due to Bush's blunders. Why make our country look more pathetic as a charity case.
Afterall, the government not having enough money is beside the point.
Buffet is wise enough to know that this egregious inequity in our system of those who benefit the most from this country's freedoms are the ones who should be paying more to this country for those benefits. He's a wise enough business man and economist to know that if this kind of inequity continues that it is not good for the country that he loves.
2007-11-06 10:19:56 · answer #2 · answered by Anonymous · 3⤊ 1⤋
The man is refreshing. Probably the most astute Money man in the world. Not from an academic standpoint but from a pragmatic standpoint.
His annual letter to the shareholders of Berkshire Hathaway is a great read. All MBA candidates should be required to read it. The man knows how to run a company and how to engage his employees.
His is a model of Corporate Stewardship and Corporate Citizenship. Some people find that frightening.
Read for yourselves
http://www.berkshirehathaway.com/
2007-11-06 10:22:19 · answer #3 · answered by Anonymous · 6⤊ 1⤋
Because that isn't his point. If he paid volunatarilly to the fund that you mention then he won't solve the problem that he is presenting to America that a billionaire who does not seek any tax shelters pays only 17% in taxes than his recptionist who pays 32% in taxes from her income.... Comparing his income tax to a receptionist's income tax is startlingly unfair and he wants this to be addressed.
The fact is that the middle class has recieved more taxes in the last 30 years than the upper class in America. The upper class has actually paid less in taxes during that time. Right or wrong, this is a fact.
2007-11-06 10:19:41 · answer #4 · answered by cattledog 7 · 4⤊ 1⤋
He was just pointing out that he paid 17% and his secretary 35%. I don't think he needs any financial or estate planning advice from you.
PS His secretary makes around 60K -- he is including FICA and Medicare Taxes as well as income taxes. She pays around 25% in income tax. Buffet is not "a liar" he has more integrity than most.
2007-11-06 10:25:27 · answer #5 · answered by Anonymous · 1⤊ 1⤋
Well he donated a lot of his money to charity, but if he's saying he's not paying enough in taxes then it sounds like he disagrees with the administration on a lot of things and maybe doesn't want to directly finance the war or whatever.
2007-11-06 10:11:45 · answer #6 · answered by Super Tuesday 3 · 3⤊ 1⤋
He figures a charity uses the money better then the government.
His point is that if you have enough money, you don't have to pay taxes, which isn't fair. His point isn't that the government needs the money.
2007-11-06 10:13:03 · answer #7 · answered by Take it from Toby 7 · 3⤊ 1⤋
His point is simply that his secretary's tax rate is higher than his.
He's right. That's absurd and unfair.
2007-11-06 10:11:29 · answer #8 · answered by Steve 6 · 6⤊ 1⤋