GARY Trudeau's quaint "Doonesbury" comic strip in recent months has lionized Warren Buffett as a benevolent billionaire.
GARY Trudeau's quaint "Doonesbury" comic strip in recent months has lionized Warren Buffett as a benevolent billionaire.
My take is that Buffett and Bill Gates set up a tax-exempt foundation to keep tens of billions of bucks from the hands of the taxman.
To be sure, foundations like theirs do charitable works. But they also live on in perpetuity as they earn more than they spend year-in and year-out.
In an ABC News interview last November, Buffett said, "People at the high end, people like myself should be paying a lot more in taxes.
"We have it better than we've ever had it."
He also said his secretary pays more in taxes than he has. Given the tax tables, it seems more like an urban legend, but I am no accountant.
If true, there is a way for Warren Buffett to remedy this.
Others have similar complaints.
Actor Matt Damon is worth $65 million, according to Forbes magazine.
He is a bright fellow who complained this week of his tax situation.
"Yes, the wealthy are paying less than they've paid in any time else, certainly in my lifetime," he told an interviewer.
"It's criminal that like, you know, so little is asked of people who are getting so much, I mean, I don't mind paying more.
"I really don't mind paying more taxes. I'd rather pay for taxes than cut things like 'Reading is Fundamental' or 'Head Start' or some of these programs that are really helping kids.
"I mean, why not? This is the greatest country in the world. Is it that much worse if you pay 6 percent more in taxes? Give me a break. You know, look at what you get for it. You get to be American."
According to Forbes, Damon made $24 million in the 12 months that ended in May, so the Bush tax cut would be worth $1.44 million to him.
Then there is actor Alec Baldwin, whose wealth rivals Damon's.
Baldwin's net worth will surely increase substantially once his TV show, "30 Rock," achieves that magical 100th episode that makes syndication possible.
In a piece for the Huffington Post, Baldwin wrote that we need to raise taxes to stop all this borrowing on the federal level.
GARY Trudeau's quaint "Doonesbury" comic strip in recent months has lionized Warren Buffett as a benevolent billionaire.
My take is that Buffett and Bill Gates set up a tax-exempt foundation to keep tens of billions of bucks from the hands of the taxman.
To be sure, foundations like theirs do charitable works. But they also live on in perpetuity as they earn more than they spend year-in and year-out.
In an ABC News interview last November, Buffett said, "People at the high end, people like myself should be paying a lot more in taxes.
"We have it better than we've ever had it."
He also said his secretary pays more in taxes than he has. Given the tax tables, it seems more like an urban legend, but I am no accountant.
If true, there is a way for Warren Buffett to remedy this.
Others have similar complaints.
Actor Matt Damon is worth $65 million, according to Forbes magazine.
He is a bright fellow who complained this week of his tax situation.
"Yes, the wealthy are paying less than they've paid in any time else, certainly in my lifetime," he told an interviewer.
"It's criminal that like, you know, so little is asked of people who are getting so much, I mean, I don't mind paying more.
"I really don't mind paying more taxes. I'd rather pay for taxes than cut things like 'Reading is Fundamental' or 'Head Start' or some of these programs that are really helping kids.
"I mean, why not? This is the greatest country in the world. Is it that much worse if you pay 6 percent more in taxes? Give me a break. You know, look at what you get for it. You get to be American."
According to Forbes, Damon made $24 million in the 12 months that ended in May, so the Bush tax cut would be worth $1.44 million to him.
Then there is actor Alec Baldwin, whose wealth rivals Damon's.
Baldwin's net worth will surely increase substantially once his TV show, "30 Rock," achieves that magical 100th episode that makes syndication possible.
In a piece for the Huffington Post, Baldwin wrote that we need to raise taxes to stop all this borrowing on the federal level.
"We owe the money," Baldwin wrote. "We elected incompetent fools/rapacious petrogarchs to high office. We gave them a credit card.
"They maxed it out. They got several more and maxed those out, too. And we are the co-signers.
"Raise the debt ceiling, like every president has bitten the bullet and done. Raise taxes and take your medicine. You cared, innocently, about helping others. No shame in that. But simultaneously, you got married to a couple of idiots who blew all your money and left the whole family with nothing to show for it.
"Saddam's dead? Osama's dead? Is that gonna help you get a job? Pay your rent?"
Enough.
Readers get it.
Baldwin, Buffett and Damon say their taxes are not high enough.
There is a simple way to remedy this. They can get out the checkbooks, write a dollar sign followed by a one, followed by as many zeroes as they wish.
Then they can mail their checks to:
Gifts to the United States
U.S. Department of the Treasury
Credit Accounting Branch
3700 East-West Highway, Room 622D
Hyattsville, MD 20782
Otherwise, they sound like a bunch of whiny hypocrites.
Surber may be reached at donsur...@dailymail.com. His blog is at http://blogs.dailymail.com/donsurber.
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