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First recorded activity by BoatBanter: Oct 2007
Posts: 7,892
Default A great letter...

On Feb 23, 9:13*am, wrote:
On Sat, 23 Feb 2008 08:37:48 -0500, JG2U wrote:
Ask Warren Buffet, who I'm guessing knows a bit more than your
ill-equipped CPA wife. *His nominal tax rate is the same as his
secretary's because he takes advantage of how the tax code favors the
wealthy.


Utter BS and you know it. *Tell Warren to give me a call if you'd like
to back up your statement.


Yup, it's BS. *When Buffet complained about the tax structure, his $46
million was taxed at 17.7%, while his secretary's $60,000 was taxed at
30%. *Clearly, JPS is wrong. *Their tax rates are not the same.

http://tusb.stanford.edu/2007/07/war...lower_tax.html

http://business.timesonline.co.uk/to...ess/money/tax/
article1996735.ece


Buffet's taxes were capital gains tax not income tax.
 
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