This week the multibillionaire investor unveiled his income in a letter and sent to the representative Tim Huelskamp, a Republican from Kansas, according to a confidential document obtained by The Associated Press on Wednesday. MM. Buffet and Huelskamp disagree on the call by the businessman, who believes that Americans are very rich should pay more taxes.
In an opinion piece published this summer in the “New York Times,” Warren Buffett claimed that he paid $ 6,938,744 USD in federal taxes in 2010, 17.4 percent of its taxable income.
Mr. Buffett said that this tax rate was too low compared to that of workers of the middle class, especially at a time when President Barack Obama and Congress are trying to control the huge federal debt of the United States. The President quoted Mr. Buffett as an example in his willingness to impose rich people, that the measure Republicans opposed over its spending to stimulate the economy and its tax surcharge on millionaires.
Mr. Buffett’s letter to Mr. Huelskamp said that his adjusted gross income – which excludes certain types of income and expenditure – was $ 62,855,038 USD in 2010.
Taxable income – which are subtracted the deductions and exemptions – was $ 39,914,784 USD. The deductions may include donations to charities, travel expenses and local taxes.
Messages left on Wednesday with officials of the company Mr. Buffett, Berkshire Hathaway, went unanswered.