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Politics : Formerly About Advanced Micro Devices

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To: Jim McMannis who wrote (625292)8/21/2011 8:43:56 AM
From: Alighieri  Read Replies (3) of 1583406
 
He only pays himself like $100k a year and pays like 9k in taxes. His estate goes through a foundation which is a tax dodge. Plus, he's loaded with tax free municipal bonds.

Why Buffett only pays 17.4% of his income in federal taxes: "Last year my federal tax bill ... was $6,938,744. That sounds like a lot of money. But what I paid was only 17.4 percent of my taxable income -- and that's actually a lower percentage than was paid by any of the other 20 people in our office. Their tax burdens ranged from 33 percent to 41 percent and averaged 36 percent."

money.cnn.com

You seem to be a victim of propaganda Jim...a willing one I think. This is public information...it's not like he can say it and it can't be verified.

Al
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