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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Jacob Snyder who wrote (71896)	3/13/2011 4:07:06 AM
From: Cactus Jack	6 Recommendations Respond to of 219715

Further, in conversation it came up that Mr. Buffett doesn’t use any tax planning at all. He just pays as the Internal Revenue Code requires Nice story, but does anyone actually believe that? Buffett has lobbied for preferential tax treatment for Berkshire's companies on many occasions. His "income" tax is low because he doesn't take home ordinary income commensurate with his wealth increases (doesn't need to). Berkshire doesn't pay dividends due, in part, to tax considerations. Not arguing for or against the equities of our tax system, only that Buffett speaks with a forked tongue. jpg