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Politics : A US National Health Care System? -- Ignore unavailable to you. Want to Upgrade?

To: J_F_Shepard who wrote (4918)	2/25/2008 5:21:20 PM
From: Lane3	Read Replies (1) \| Respond to of 42652

Buffet's 17% was on his taxable income....... I'm not sure what the utility of that stat is. One's taxable income is a function of one's income and one's deductions from income for tax purposes. You get a break in your taxes if you have either a lot of non-taxed income or if you have a low rate on your taxable income, preferably both. We don't know how Buffet came to have such a low rate for such a rich man. the really telling stat is his tax rate against his gross income, the figure I gave you. But for comparison purposes, mine is 13.5%, not higher than Buffet's.