Tuesday, August 16, 2011

Warren Buffet and me are peers!

After reading Warren Buffet's article yesterday about raising taxes on the rich - I thought wow, what a good idea. Today, I realize, just asking them to pay their fair share is enough. When Buffet indicated that he paid around $6,000 in taxes,  I realized that it isn't all that much more than I paid - and way less than the flogging I took from the IRS when I had to tap my 403B early (by ONE year) in order to keep out of foreclosure and bankruptcy after I was laid off in 2009. We working people who are not "too big to fail" are scrambling to stay afloat. How about a tax break for those forced to hit retirement funds because of job loss? How about a loophole for those who have to invest in home and car repairs?  But of course, I am being ridiculous. After all, it was Reagan who promised us that we would benefit from the "trickle down effect" of giving tax breaks to the rich.  And that trickle should start any day now.

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