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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: THE WATSONYOUTH who wrote (629501)	9/25/2011 11:34:54 PM
From: i-node	Read Replies (1) \| Respond to of 1577908

>> The whole thing is a crock. Buffet CHOOSES to not take a salary. So it's all unearned income. If he took a salary like most other millionaires do....he'd be paying a much higher % than his Sect. Buffett doesn't give a DAMN about income taxes. If he is very lucky, he'll be taxed on his $7M/year income for another 10 years -- a total of $14,000,000 -- which is not even pocket change for him. If you doubled it, it STILL wouldn't be significant. But he is thinking very clearly about the 55% death tax. All this charitable giving -- deductible right off the gross estate. He is choosing, rather than to allow the federal government to have the money, to give it to the Gates Foundation (as is Gates himself). I have no problem with the concept of estate planning, but we ought to be honest about it. Buffett & Gates think little guys ought to pay off this horrible debt the US has run up, while he and Bill (and even the broke billionaires like Turner) decide ON THEIR OWN what will be done with THEIR money. It is a pathetic ruse and the Left falls for it lock, stock and barrel.