Now, write that nice little check to the feds and shut up.
Hey Buffet, want to raise some revs for the gov? I notice most of your “deals” to companies like Dow and BofA are with preferred stocks, convertable to common, but more importantly paying rates from 6 to 10%. The dividends of these preferred stocks are 70% excludable from tax. So, just do away with that stupid rule and fully tax preferred dividends.
Works for me, how about you?