Warren Buffett: High Corporate Taxes Are An American 'Myth'

Corporations, like the rich, aren't paying their fair share in taxes, billionaire investor Warren Buffett told CNBC's Becky Quick on Monday, February 27, 2012.
Mr. Buffett stated that, even while enjoying record profits, corporations last year paid just 12.1 percent of those earnings in taxes, their lowest tax rate since 1972, according to the Congressional Budget Office. At least thirty of the country's most profitable companies had a negative tax rate between 2008 and 2010.
[In plain English, a "negative tax rate" means that the rest of us poor schmucks are sending our tax money to pay those companies, who are rich enough to afford the shyster lawyers to game the tax system.]
Mr. Buffett stated:
"So our corporate tax rate last year effectively, in terms of taxes paid for the United States, was around 12 percent, which is well below those existing in most of the industrial— industrialized countries around the world.   So, it's a myth that American corporations are paying 35 percent or anything like it. Corporate taxes are not strangling American competitiveness."
Link to the article and full transcript of the interview--eight parts: http://www.cnbc.com/id/46538421
Link to the transcript of Part 2 of the interview, in which Mr. Buffett discusses corporate tax policy: http://www.cnbc.com/id/46541556
After reading that interview, I expect that apologists for the plutocrats--the 1%--who have been brainwashed and bamboozled by the plutocrats' propaganda, will start accusing Mr. Buffett of having converted to Marxism-Leninism or having gome senile--or both.
But, on the other hand, I'd say that Warren Buffett is an extremely intelligent individudal [you can't be the world's second richest man if you're stupid...] and that he is smart enough to see through the fog of propaganda. 
Mr. Buffett realizes, like many others--including the Occupy Wall Street patriots--that the entire American tax system has become dysfunctional and needs to be remedied without delay.
Jagor