Warren Buffett vs. Donald Trump, part 2
To be clear, they both take advantage of tax benefits/deductions/loopholes that are available to them. Trump benefits from tax provisions that are good for real estate developers, like depreciation, and Buffett benefits from tax provisions that are good for fund managers, like being able to classify income as “capital gains” which are taxed at a much lower rate.
I don’t think that either of them are hypocrites for not paying more taxes than they are legally required to pay. It’s bull**** that Trump is not qualified to be president because he hires tax professionals who minimize his taxes. It’s equally bull*** what certain conservative types say about Buffett, that he’s not allowed to have an opinion that tax rates are too low on people like himself because he hires tax professionals who minimize the amount of tax he pays.
I am only mad at Buffett because he issues a press release accusing Trump of not being transparent with his taxes, but Buffett is being a hypocrite because he has not uploaded his full tax returns to the internet, which is what Democrats are saying that Trump should do.