At a Hillary Rodham Clinton fundraiser speech before 400 movers and shakers, Buffett denounced our tax system. According to Buffett, he pays taxes at a lower tax rate than does his $60,000-a-year secretary, 17.7 percent and 30 percent, respectively.
But Buffett has long been sympathetic toward big government. Buffett joined the informal "advisory board" of then California gubernatorial candidate Arnold Schwarzenegger, who became governor because his predecessor tripled the car tax. Incredibly, Buffett promptly urged an increase in California property taxes.
Buffett also opposes repeal of the estate tax, considering it unfair for generation after generation to retain wealth, presumably preventing those in the lower classes (where he came from) from rising up. But let's examine the assertion that Buffett pays a higher tax rate than does his secretary. Buffett says he earned $46 million in 2006, with a tax rate of 17.
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