Accounting Quote by Howard Warren Buffett
“I've never had it so good in terms of taxes. I am paying the lowest tax rate that I've ever paid in my life. Now, that's crazy. And if you look at the Forbes 400, they are paying a lower rate, accounting payroll taxes, than their secretary or whomever around their office. On average. And so I think that actually people in my situation should be paying more tax. I think the rest of the country should be paying less.”
About This Quote
Source Interview: CNBC, 2023
The speaker notes that his personal tax rate is unusually low, even lower than some ultra‑wealthy, and suggests that people in similar positions should pay more while the broader public should pay less.
In simple terms: He pays a low tax rate and thinks it should be higher for him and lower for others.
Key Takeaway
Consider tax fairness and progressive policy.
Themes
tax fairness
progressive taxation
income inequality
political rhetoric
economic policy
Mood
critical
analytical
concerned
Type
political
economic
When to use this quote
- budget discussions
- legislative debates
- public opinion surveys
- tax reform proposals
Key Concepts
public finance
wealth distribution
social contract
policy advocacy
Questions to Reflect On
- Should tax rates be based on income level or societal contribution?
- How does perceived fairness affect compliance?
A Different Perspective
Higher taxes on the wealthy may reduce incentives for investment and economic growth.
![“If you really think that houses prices are going to go up next year and the year after, you feel if I don't buy it this year, I'm going to have to buy it next year. [...] And when somebody makes it very easy for you to do it by saying you don't really have to put up my money, you can lie about…” quote by Howard Warren Buffett](https://sms4smile.com/quotes/img-quotes/182/howard-warren-buffett-16158_cost_if-you-really-think-that-houses-prices-a_486111.jpg)
