Pangs ...

NBC Evening News 10.29.07 - Warren Buffett, one of the wealthiest men in the world, observes that as a percentage, his share of Federal income taxes are lower than many of the employees in his office. At 17.7 %, presumably moderated by favorable treatment for investment income, his tax is far lower than the average rate of 32.9% paid by a number of his office workers.

"The taxation system has tilted toward the rich and away from the middle class in the last 10 years," said Buffet, who has complained for years that his taxes are far too low.

It was not reported if Mr. Buffet suffers any pangs of conscience over the tax rate inequity he enjoys; seemingly though, nothing stands in his way to contribute all of the difference on his $46,000.000.00 of income in helping retire the public debt.

If you have not already done so Mr. Buffet, contributions to help retire the Nation's debt are welcome by the US Treasury/IRS and can be made payable to "Bureau of the Public Debt" and the money, with or without Form 1120-1C-DISC, sent to:

Bureau of the Public Debt
Dept. G
Box 2181
Parkersburg, WV 26106

* please keep in mind that deductions of contributions for income tax purposes are subject to the rules and limitations for charitable contributions.

The interview did not go on to describe any of Mr. Buffett's feelings as to priority; revision of the tax code, or, whether or not members of the United States Congress could do far better service to all American taxpayers by the rigorous and thorough elimination of wasteful and inefficient spending of the tax revenue they already have under their care.