basically what he is saying is that if you make over $1 million you should pay higher rate of tax, and if you make over $10 million, higher rate of tax. but mr. buffett doesn t point out his company berkshire hathaway only pays 35% on hir money. not the corporate rate. he pays 17% of his income. he wants to pay more money, there are ways to do that. dana: there are ways but the treasury department have a website to go and donate what is it called? eric: gifts to the united states. dana: gifts to the united states government. if you want to give more to the federal government and have it spent, you can. now let me back up. who am i to criticize warren buffett s investments? he has done better than i in that area. i am for wholesale tax reform. it could be that billionaires and millionaires should pay some more but it has to be the wholesale tax reform as well as entitlement reform.
basically what he is saying is that if you make over $1 million you should pay higher rate of tax, and if you make over $10 million, higher rate of tax. but mr. buffett doesn t point out his company berkshire hathaway only pays 35% on hir money. not the corporate rate. he pays 17% of his income. he wants to pay more money, there are ways to do that. dana: there are ways but the treasury department have a website to go and donate what is it called? eric: gifts to the united states. dana: gifts to the united states government. if you want to give more to the federal government and have it spent, you can. now let me back up. who am i to criticize warren buffett s investments? he has done better than i in that area. i am for wholesale tax reform. it could be that billionaires and millionaires should pay some more but it has to be the wholesale tax reform as well as entitlement reform.