<p>Well…if the US taxed Buffett’s wealth and others in similar situations…</p>
<p>Then others could pay less…</p>
<p>The tax free exchange of real estate is another dodge…others not as wealthy as Buffett take part in this. And depreciation…</p>
<p>Then there are munis…I do owe some…they are tax free…although the interest rates would be higher on munis if they weren’t tax free.</p>
<p>Then there are long term capital gains on futures contracts…many wealthy people and not so wealthy people benefit by this…including me for full disclosure…</p>
<p>Then there are retirement plans…I benefit by this…</p>
<p>Then there is the home mortgage…i indirectly benefit by this…</p>
<p>Then there is the tax free health benefit…</p>
<p>The write off of property taxes…the write off of meals…</p>
<p>I saw one tax return where the guy made 2 million gross and 20,000 net…
The guy sure had many write offs…some…I don’t know…I’m not a CPA…but people like him cause taxes to be higher for others…</p>