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Politics : PRESIDENT GEORGE W. BUSH
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To: Kenneth E. Phillipps who wrote (407664)5/20/2003 9:52:55 PM
From: DavesM  Read Replies (3) of 769670
 
My guess is that the Fed's would see more revenue if Berkshire did give that $1 Billion in dividends next year. BTW, how come his current tax rate is only 30%? Why is he paying less than the highest marginal rate?

re:"Buffett posed a hypothetical situation in which Berkshire Hathaway, which does not currently pay a dividend, paid $1 billion in dividends next year...Buffett said he would receive an additional $310 million in income that would reduce his tax rate from about 30 percent to 3..."
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