It’s August, not April, but you wouldn’t know it from to heated discussions we had about taxes this week on Life Inc.
We started the week with Warren Buffett’s no-holds-barred call for Congress to stop coddling him and his friends and make them pay more taxes. Many of our readers welcomed Buffett’s call – and not a few wondered why he wasn’t running for president.
“It's too bad congress isn't willing to take advice from one of the most successful business men of all time. To balance a budget, you need to cut expenses and increase revenue, it's a simple process,” one commenter wrote.
But others were more skeptical:
“Here's a question for you - if Warren is so gung-ho about paying his fair share, why doesn't he just write a check to the treasury? Nobody's stopping him,” another commenter wrote.
On the other side of the tracks are the nearly half of all Americans who won’t be paying federal income taxes at all this year, mainly the poor and elderly. A post on that prompted more than 100,000 of you to weigh in on what’s wrong with the current tax system.
It seems we can all agree on one thing: The tax code is way too complicatd. As one reader whistfully put it:
“The tax code should fit entirely within a pamphlet. This is what you earn, this is what you can deduct, and this is what you owe. Period,” one commenter wrote.
There’s more to Life Inc. than taxes, and readers this week also had plenty to say about a post noting that, even in this economy, some companies are having trouble finding workers who can show up on time.
A college education may not help you show up for work on time, but it could give you other advantages in the job market. However, it seems Americans think that degree is more important for women than men.
Our favorite comment from that post:
“LOL, I read the title and thought that 'college is more important for a woman than a man is'. Maybe I need to go back to school.”