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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (407664)	5/20/2003 1:06:42 PM
From: steve dietrich	Respond to of 769670

CNBC is asking the "fairness"question of the tax cut, will be interesting to see how the vote comes out. You can bet if the corporate execs can cut their taxes to near nil there will be an even greater shift to receiving their compensation in stock options so they can purchase their shares cheaply and then receive tax free income in the form of dividends. Did you see that Alabama has the greatest budget deficit since the Great Depression, and is greatly increasing state taxes to cover it? Bet the great majority of Alabamians will be paying in more in state tax increases than they'll ever dream of recouping in fed. tax cuts!

To: Kenneth E. Phillipps who wrote (407664)	5/20/2003 9:52:55 PM
From: DavesM	Read Replies (3) \| Respond to 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..."