Majority of Americans support 70% top tax rate
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J Paul Getty was the first billionaire in the days of 90% rates and never claimed income while living like a king
So Buffet takes a 110K salary and is worth 60 billion or so. And won't pay a dime of that 70% income tax
Burger flippers make lousy accountants -
The burger flipper was all over the flat tax telling us how tuff it is to decided what kind of income there is.
Guess he changed his mind -
If the tax was 70% of income over $10 million. He actually will pay it.RaceBannon said:J Paul Getty was the first billionaire in the days of 90% rates and never claimed income while living like a king
So Buffet takes a 110K salary and is worth 60 billion or so. And won't pay a dime of that 70% income tax
Burger flippers make lousy accountants
Race. Ignorant as always. -
You said yourself he makes 100 grand
Are you advocating the capital gains tax go to 70%
Are you too stupid to follow along? -
Nope. Try again. Google is your friend.RaceBannon said:You said yourself he makes 100 grand
Are you advocating the capital gains tax go to 70%
Are you too stupid to follow along?
BTW it's not from Berkshire, they don't pay dividends and he never sells stock.
(Here's a hint, in 2011 or so he released his financial information.) -
You said he makes 100 grand. Were you lying?
He might be one of the richest people in the world, but Warren Buffett has actually been making the same salary at Berkshire Hathaway for decades — and it's surprisingly low.
As the Chairman and CEO of the holding company he founded, Buffett made a $100,000 salary in 2017, according to a recent regulatory filing reported by Reuters. Meanwhile, Berkshire paid its median employee $53,510 in 2017. That means Buffett makes less than twice as much as his typical employee.
According to Marketwatch, Buffett earns no other compensation or bonus. However he does currently own 283,000 shares of Berkshire Hathaway Class A stock, which closed at $310,630 on Friday. It makes up the bulk of his nearly $88 billion fortune.
There is no other income that would be taxed at anywhere near 70%
Like I said, Getty never made a penny and was the richest man in the history of the world
Flip those burgers -
Race. Fucking Ignorant as always.
https://www.forbes.com/sites/quora/2018/01/30/how-does-warren-buffett-achieve-liquidity-without-selling-berkshire-hathaway-shares/
He owns a separate retirement fund with about $40 million a year in dividends. -
Are dividends taxed as income?2001400ex said:Race. Fucking Ignorant as always.
https://www.forbes.com/sites/quora/2018/01/30/how-does-warren-buffett-achieve-liquidity-without-selling-berkshire-hathaway-shares/
He owns a separate retirement fund with about $40 million a year in dividends.
Fuck off -
Yes determination of income is difficult for millions of Americans. Which is what keeps CPAs in business.RaceBannon said:The burger flipper was all over the flat tax telling us how tuff it is to decided what kind of income there is.
Guess he changed his mind
And what keeps simple minds voting Republican is "you can file your tax return on a post card." -
I'd change the subject too
You just showed you have no clue how income is determined
