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Yes and no. I agree that tax policy is set as a society and therefore we all have a say in how each other live our lives. Therefore, poor people will be able to dictate the taxes of the rich, and vice versa. The problem I have is that Buffett says one thing and lives his own life by a different standard.

Question for you. Like just about all states, my state is facing enormous financial strains. And the governor has sworn that tax increases are not an option. I think that we simply have to raise taxes in order to fulfill our social obligations. (Yes, I do believe that we have social obligations to each other. Staunch libertarians can stop listening at this point.)

That having been said, when I filled out my tax returns I took all the deductions to which I am legally entitled. And when I was filling out my state tax returns I was rather surprised to see an optional tax rate. The statutory tax rate was 5.3% or I could pay 5.8% instead. (Not sure if those numbers are exactly right, but they're reasonably close.) I paid the lower, statutory rate, although I would vote for a tax increase.

I also donated to charity an amount vastly greater than the entirety of my state taxes.

Am I a hypocrite?

(This is a real question. I will think you're a bit odd if you say "yes" but I won't be offended.)

KrissyLou
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