Warren Buffet Argument News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> bill: why didn't you pay more tax last year when you could have. >> what i did was to take the amount i would have owed under the old tax rates before the bush tax cuts. >> bill: 39.6. >> i paid the difference between what i paid now and what i would have paid and i gave it to charitable donations. >> bill: very noble. president obama would cut the charitable deduction under his new revenue raising plan. okay. now, that's going to hurt charity. what do you think about that? >> well, i think there is a huge problem in terms of the overall level of deductions we allow people to take. >> bill:...

>> bill: why didn't you pay more tax last year when you could have. >> what i did was to take the amount i would have owed under the old tax rates before the bush tax cuts. >> bill: 39.6. >> i paid the difference between what i paid now and what i would have paid and i gave it to charitable donations. >> bill: very noble. president obama would cut the charitable deduction under his new revenue raising plan. okay. now, that's going to hurt charity. what do you think about that? >> well, i think there is a huge problem in terms of the overall level of deductions we allow people to take. >> bill:...

Pay for civilization. >> bill: why didn't you pay more tax last year when you could have. >> what i did was to take the amount i would have owed under the old tax rates before the bush tax cuts. >> bill: 39.6. >> i paid the difference between what i paid now and what i would have paid and i gave it to charitable donations. >> bill: very noble. president obama would cut the charitable deduction under his new revenue raising plan. okay. now, that's going to hurt charity. what do you think about that? well, i think there is a huge problem in terms of the overall level of deductions we allow peopl...