Meager Income

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Buffett Expands his Deficit Matching Program

Posted on | February 9, 2012 | No Comments

Warren Buffett will pay $49,000 matching Congressman Rep. Scott Rigell, a Republican representing Virginia.  Mr Rigell voluntarily pays 15% of his congressional income every year. That amounted to $23,103.33 in 2011 and about $26,100 in 2012.

Warren Buffett will match a teenager’s contribution, too.   Ms. Murphy from Chicago has sent in 15% of her personal savings toward reducing the deficit.  Mr. Buffett wrote her a note saying he’d match her $300 contribution.

Mr. Buffett has now promised to pay up to 15% of his income ($9.4 million) if at least 50 members of Congress do the same.



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