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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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