and When Buffet Asked about this issue on Tuesday at Fortune's Most Powerful Women Summit, he said that he was willing to release his tax returns, on one condition: that their boss Rupert Murdoch publish his tax return too. ( news for : Buffett challenges Murdoch )
The legend investor warren buffet add : I'm ready tomorrow morning: what a powerfull and confident statement. for this buffer challenge, News Corp, Parent company of wall street journal has no respond when jurnalist ask for comments
Buffett challenges Murdoch
Buffett has become a news in recent weeks after he let the White House attach his name to a tax proposal. The Buffett Rule is a guideline designed to ensure that those making more than $1 million do not pay a lower overall tax rate than those who earn substantially less money.For most people, when they get a bigger income the tax rate may go up. But millionaires typically have several sources of income, some of which are taxed at lower rates,
Buffett challenges Murdoch
As a result, Buffett says he enjoys a lower tax rate than his secretary tax. Correcting that discrepancy is the aim of the Buffett Rule. Buffett's words twisted on taxes The Wallstreet Journal wants to see his secretary return as well.We wouldn't want to violate their individual privacy, but since Mr. Buffett is using [his employees] to make a political point, perhaps he'd be willing to disclose the most important lines on their returns without disclosing their names, the editorial said.
Buffett says he paid $6,938,744 in federal taxes last year -- only 17.4% of his taxable income.
Murdoch was given a substantial raise recently, despite the hacking scandals that rocked his media empire. His total compensation jumped 47% to $33.3 million in the latest fiscal year, according to regulatory report News Corp. released in September.
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