Posted by oldtanker on January 21, 2013 at 11:43:30 from (66.228.255.239):
In Reply to: Warren Buffet posted by sdc eastern ia on January 21, 2013 at 07:30:17:
Buffet doesn't get a pay check, his secretary (who makes over 500,000 a year) does. Buffet gets income from his investments. Prior to JAN 1 his tax rate on investment income was 15% while his secretary's PAY was taxed at 30%. Had Buffet paid himself at the same rate as his secretary he to would have paid 30% on his pay check income plus the 15% on investment income.
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