Warren Buffet Fires Back at Trump!
On October 10th Sunday night, Donald trump made a huge accusation about Warren Buffet for not paying his taxes. Trump also proceeded a step further to state that Warren didn't pay his taxes in an attempt to receive a substantial tax deduction on Berkshire Hathaway during 1995. Warren fired back at Trump and told him " I have paid my own taxes since the age of 13 from 1944!" Mr. Buffet also has all 72 copies of his personal tax returns and is more than obligated to share these documents. However, Donald Trump has not yet released his own tax returns.
Warren Buffet's 2015 Tax Return
Adjusted Gross Income: $11.56 Million
Total Reductions: $5.48 Million
Allowable Charitable Contributions: $3.47 Million
Paid Federal Income Tax: $1.85 Million
Both Donald Trump and Warren Buffet are billionaires and wealthy individuals. Yet each business person has a different set of values in terms of saving and investment. Warren Buffet greatly cares for both saving and investment. As a key contributor to numerous charities such as "The Giving Pledge" and others, Warren Buffet believes in investing for tomorrow's leaders. The only question left to ask is "Will Donald Trump ever Release his Tax Returns?"
http://www.cnbc.com/2016/10/10/warren-buffett-fires-back-at-donald-trumps-comments-about-his-taxes.html
Though I doubt Trump will willing release his returns, I wonder if he will be the victim of a hack-attack by some vigilante.
ReplyDeleteAt this point, Trump has already shown his incompetence in understanding trade and growth concepts we've discussed in NIBC.
I think one of the most interesting things about economics is how big perception plays on the eyes of American people. A group of statements can change a whole nation into peace makers or war mongers. When it comes to politics spinning perception about one candidate is very important.
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