Capital gains Quote by Warren Buffett
“We're paying maybe 25 percent of the income tax, but the payroll tax is over a third of the receipts of the federal government. And they don't take that from me on capital gains. They don't take that from me on dividends.”
About This Quote
Source Speech: Annual Shareholder Letter, Berkshire Hathaway, 2023
The tax system heavily burdens wages through payroll taxes, while investment income like capital gains and dividends face lower rates, creating an imbalance.
In simple terms: Payroll taxes are high; investment taxes are low.
Key Takeaway
Advocate for tax fairness across income types.
Themes
tax policy
income inequality
fiscal fairness
Mood
critical
analytical
Type
economic
political
policy.
When to use this quote
- budget planning
- personal finance
- public policy debate
- advocacy
- legislative reform
Key Concepts
progressive taxation
tax loopholes
wealth distribution
Questions to Reflect On
- How does this tax disparity affect wealth accumulation?
- What reforms could balance tax burdens?
A Different Perspective
Lowering payroll taxes could reduce government revenue and affect social programs.
![“Did folks know that the tax to fund the program [Social Security] only hits salaries up to $110,000? That means that if you make a million bucks, about 90% of your salary is tax free when it comes to the payroll tax that funds Soc Sec. That ain't right.” quote by Jared Bernstein](https://sms4smile.com/quotes/img-quotes/723/jared-bernstein-39941_bucks_did-folks-know-that-the-tax-to-fund-the_232602.jpg)
