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Analysis Of The Article ' Stop Coddling The Super Rich '

Decent Essays
Major Paper 1: Analytical Summery In his article “Stop Coddling the Super-Rich”, Warren Buffett criticizes the fact that billionaires in United States actually pay less percentages of taxes than those working-classes. Buffett believes the government needs to stop protecting the “super-rich”. In the article, Buffett started with the comparison between the poor/middle class and the member of the rich class like himself. The comparison shows the fact that the poor/middle class people actually contribute more as a percentage of their income toward society but ironically according to the government policies they have pay more taxes. Furthermore, Buffett provides his personal example that last year he paid the least percentages of taxes in his office. Buffett uses several precise data to show the difference. In the third paragraph, Buffett states, “But what I paid was only 17.4 percent of my taxable income—and that’s actually a lower percentage than was paid by any of the other 20 people inner office. Their tax burdens ranged from 33 percent to 41 percent and averaged 36 percent” (275). The exact numbers like 17.4%, 36% provide strong demonstration. From these two number we could easily find that Buffett, as one of the richest person in the world actually paid half percentage of taxes compare with his co-workers, who are all in middle class. Additionally, Buffett states, “The mega-rich pay income taxes at a rate of 15 percent on most of their earnings but pay practically
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