it s quite a large crowd. they re going through the preliminary speakers now. you see a big crowd behind me. trust me, it runs out this way as well and over this way. this is the wisconsin homecoming. paul ryan and mitt romney landed just a short time ago. paul ryan said it was great to be home. he said he s been flying into the airport in milwaukee, never has he returned home for a welcome like this. he will be the republican vice presidential nominee. we re in a state as you know, that has been democratic reliablely blue for a long time, but these republicans here think because of the romney pick of paul ryan, because of the election buzz, the republican governor recently survived that bruising recall election. they think it s possible they can put them back. these people know him quite well. the american people are just getting to know the congressman, sometimes controversial chairman that mitt romney has asked to join the ticket. the republican ticket traveled here from
tell me why. well, first of all, warren buffett s secretary doesn t pay a higher tax than warren buffett. warren buffett is the largest shareholder of berkshire hathaway, that s the majority of his wealth and berkshire hathaway pays 35% corporate income tax, that s his money, warren buffett s money. if his corporation didn t pay that tax, it would have been able to pay that money out to him in dividend. it s ingenuous to pretend that warren buffett isn t paying a lot of taxes and of course the taxes he s paying is in capital gains and that s because warren buffett chooses to work for no sally. if he paid a salary through berkshire hathaway he would have paid a tax rate. i m paying well over 40% of my income in federal and state income taxes right now. how much more do they want to take? a lot more, have you not been hearing the president? he wants to take all of it. medieval serf as only got
well, first of all, warren buffett s secretary doesn t pay a higher tax than warren. he s the large jest shareholder of his company. that s the majority of his wealth. berk shyer hatberkshire hathawa. this is ridiculous to pretend warren buffett isn t paying a lot of taxes. of course, what he s paying is in capital gains. that s because he chooses to work for no salary. if he paid himself a salary through his company, he would pay a very high tax rate just like i m paying. i mean, i m paying well over 40% of my income in federal and state income taxes right now. how much more do they want to take? mike: a lot more. have you not been hearing the president? he wants to take all of it. medieval serfs only had to pay 35%. i wish i could be elevated to the level of a serf.
well, first of all, warren buffett s secretary doesn t pay a higher tax than warren. he s the large jest shareholder of his company. that s the majority of his wealth. berk shyer hatberkshire hathawa. this is ridiculous to pretend warren buffett isn t paying a lot of taxes. of course, what he s paying is in capital gains. that s because he chooses to work for no salary. if he paid himself a salary through his company, he would pay a very high tax rate just like i m paying. i mean, i m paying well over 40% of my income in federal and state income taxes right now. how much more do they want to take? mike: a lot more. have you not been hearing the president? he wants to take all of it. medieval serfs only had to pay 35%. i wish i could be elevated to the level of a serf.
buffett s secretary doesn t pay a higher tax than warren. he s the large jest shareholder of his company. that s the majority of his wealth. berk shyer hatberkshire hathawa. this is ridiculous to pretend warren buffett isn t paying a lot of taxes. of course, what he s paying is in capital gains. that s because he chooses to work for no salary. if he paid himself a salary through his company, he would pay a very high tax rate just like i m paying. i mean, i m paying well over 40% of my income in federal and state income taxes right now. how much more do they want to take? mike: a lot more. have you not been hearing the president? he wants to take all of it. medieval serfs only had to pay 35%. i wish i could be elevated to the level of a serf.