2 Replies to “Warren Buffett on tax reform”

    1. I don’t know about the back taxes but agree with what he said about incentives (regarding WFC): “Incentives work. The problem is that they work in either direction….”

      If you create bad incentives — and the tax code is full of them — they encourage bad behavior. Don’t blame the taxpayer, blame the system.

      Who pays more tax than they legally have to? As Kerry Packer maintained: “Pay your taxes but don’t tip ’em. They’re not doing that good a job.”

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