Friday, July 13, 2007

An Unjustified Privilege

New York Times: By Paul Krugman
"Not to put too fine a point on it, why does Henry Kravis pay a lower tax rate on his management fees than I pay on my book royalties?" ...

A couple of weeks ago, Warren Buffett pointed out that he pays an average federal income tax rate of 17.7 percent, while his receptionist pays about 30 percent.

Isn't America wonderful?

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