Wednesday, October 17, 2012

Third World's richest man defends

"Buffett rule" and insists cancer is not shortened the race to Berkshire Hathaway AGM

investment guru Warren Buffett defended his proposal to tax the super-rich at its annual meeting in Omaha, Nebraska.

President Barack Obama proclaimed the "Buffett rule," which would introduce a global tax on those with higher incomes.

Buffett, the richest man in the world in third place, said: "When we ask for shared sacrifice of the American people, I would at least ensure that people with these huge revenues are taxed at a rate that is related to the price I taxed it not long ago. "

Buffett said he calculated that the lowest paid in the office. "There are people like me with ... I have huge tax planning, you do not have Swiss bank accounts," he said. Yet, he added, the rate of tax was about 17% while the average was about 30%.

Buffett said he paid a rate similar to the housekeeper. "My wife says she wants what does not have a maid -. 'S The cleaning lady in the office," he said

Buffett said there were at least three years, when he paid the tax rates in offices despite Berkshire $ 25 million to $ 65 million.

Buffett rule - which would impose a surtax on incomes over $ 1 million - has been condemned by critics of Obama as Mitt Romney. "Someone has calculated that tax [Obama] Buffett rule arise salary for 11 hours of government," Romney said recently.

earlier this year, it was revealed that the alleged White House rival paid only 14% tax on income of $ 21.6 million in 2010.

The addition of dissenting voices in the audience: "It's okay to disagree with us, [but] I think it's a bit silly that sounds like I would due Zorro. ".

Buffett also took advantage of the meeting to reassure investors that the cancer will not shorten his career.

Approximately 35,000 people descended on Omaha this weekend to see the multi-billionaire investor deliver his annual address to the General Assembly of the shareholders of his investment company, Berkshire Hathaway. Bill Gates and Bono were in the audience at the Qwest Center Omaha. Among shareholders, Buffett health is a major concern ..



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