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Politics : Formerly About Advanced Micro Devices
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To: bentway who wrote (847812)4/10/2015 9:50:18 AM
From: TimF   of 1582626
 
Income of his property is his income.

To the extent Buffet realizes any of that income as dividends then he pays taxes on it again, to the extent he realizes it as capital gains then he also pays taxes again, and he pays real taxes on a nominal gain, the portion of the gain that is inflation gets taxed anyway.

Also on the part of his income considered "personal income", there is a good chance that he doesn't actually pay a lower rate than his secretary and if he does then his secretary is very well compensated and he would still pay at a higher rate than most workers. His marginal rate might be lower, and extra dollar of income might cost him an extra 15 or 20 cents tax as opposed to a higher rate for others.

Also see
Message 27691465
Message 27692476
Message 24937013
Message 24937307
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