SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : American Presidential Politics and foreign affairs
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TimF who wrote (48768)11/27/2011 4:31:36 AM
From: DuckTapeSunroof  Read Replies (2) of 71588
 
Re: "Lower than her actual effective tax rate paid?"

In the case of Buffet I have near-zero doubt that his effective federal tax rate is lower than his secretary's effective federal tax rate.

After all, bulk of HER income is from salary... (which scarcely even counts for him it is so infinitesimally small a portion of HIS income, nearly all of which is of course derived from dividends and long and short-term capital gains --- all taxed at preferential below-income-tax-rates, and all offset by healthy dollops of accrued realized capital losses which can carry-forward an unlimited amount of time, so that even the ordinary income from coupons and interest isn't enough in this current interest rate environment to pull his weighted average effective federal tax rate up anywhere near to what his secretary pays. :-)
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News