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FACT CHECK: Are Rich Taxed Less Than Secretaries?
AP via Yahoo News ^
| 20 Sept 2011
| Stephen Olemacher
Posted on 09/20/2011 3:28:46 AM PDT by edpc
click here to read article
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To: LottieDah
“Warren Buffett is so full of s$$t. I heard he takes an annual salary of $100K which is a hell of a lot less than what he pays his secretary.”
Buffett says he reported an income of 39 million dollars last year.
41
posted on
09/20/2011 9:22:22 AM PDT
by
juno67
(a)
To: ding_dong_daddy_from_dumas
warren buffett= wilted buffoon
42
posted on
09/20/2011 9:24:29 AM PDT
by
WOBBLY BOB
(See ya later, debt inflator ! Gone in 4 (2012))
To: juno67
When you do not have to pay your corporate taxes all kinds of profits can be had!
To: Betis70
One CEO a few years ago (after Buffett said the same stupid thing about his tax rate) said “Well, if he paid himself a salary commensurate with his value to the company, he’d avoid that ‘problem’. But he does that on purpose to avoid paying taxes.” Also, isn't Buffett's favorite holding period for any investment "forever," in order to avoid paying the taxes that come when you sell it?
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