Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: tonto who wrote (48781)	11/28/2011 1:01:07 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 71588

Re: "I do not see how...." Don't know how it could have been any clearer, toto.... When I wrote (this is the part you excerpted): and all offset by healthy dollops of accrued realized capital losses which can carry-forward an unlimited amount of time, so that even the ordinary income from coupons and interest isn't enough in this current interest rate environment to pull his weighted average effective federal tax rate up anywhere near to what his secretary pays. :-) I was in no way saying that 'ordinary income' losses were carried forward, (let alone 'carried forward forever' Oh, wouldn't that be fun though! <GGG>), in fact I wasn't saying anything that even remotely resembled that, don't know how you could have read it that way.... RATHER, my comment only addressed the SPECIFIC POINT (that was under discussion) about Buiffet's and his secretary's personal net EFFECTIVE FEDERAL TAX RATES paid. (Their net effective average tax rates being, OF COURSE, a combination reflecting the various different SOURCES of their income... cap. gains, div income... and ordinary.) My comment (that you excerpted) simply stated (I thought clearly) that it was highly unlikely that ordinary income represented a large enough percentage of Buffet's total federal income to ever raise his net effective federal tax rate up anywhere near to what his secretary pays... given the EXTREMELY large contribution that qualified dividends and capital gains represents in his total income stream.