Taxes will no doubt always be a source of contention for
citizens, corporations and lawmakers. And many people from our Congressmen to tax attorneys all agree the tax code is
in serious need of reform.
The problem is how to come to a consensus on how to reform
the tax code. Some people have been very vocal about how the tax code benefits
wealthy citizens the most.
And Warren Buffet, one of the nation’s wealthiest men headed
the charge. Buffet, a billionaire investor, noted in an opinion piece he wrote
last August that his secretary paid more taxes than he did.
Senate Republican leader Mitch McConnell answered Buffet by
saying if he felt “guilty” about paying a lower tax rate then he “should send a
check,” to help pay down the national deficit.
In an issue of Time hitting stands this Friday, Buffet
issued a challenge to Republican Congress members. Buffet said that he would
pay $1 for every dollar donated by a Republican to pay down the national debt.
Buffet raised the bar for Mitch McConnell, for every one dollar he donates;
Buffet will match it with $3.
Wanting to reduce tax liabilities is normal; everyone would
like to keep more of that money for themselves. And there is nothing wrong with
reducing taxes using some of the methods outlined by a tax attorney. But Buffet doesn’t agree with all the tax breaks
given to people who are solely investors.
A tax lawyer can
help small businesses and billionaires alike with all their tax needs.
