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Wow.... you need some knew sources. You can stop embarrassing yourself by staying quiet.
Warren Edward Buffett (pronounced /ˈbʌfɨt/; born August 30, 1930) is an American business magnate, investor, and philanthropist. He is widely regarded as one of the most successful investors in the world. Often introduced as "legendary investor, Warren Buffett",[5][6] he is the primary shareholder, chairman and CEO of Berkshire Hathaway.[7] He is consistently ranked among the world's wealthiest people. He was ranked as the world's wealthiest person in 2008[8] and is the third wealthiest person in the world as of 2011.[9]
Before he bought Berkshire, it was not remotely the same as after he purchased it and grew it to what we now consider Berkshire. It was a dying textile company. It is now a holding company.
No, it reduces the profit the corporation receives. No matter how you slice it, you aren't paying the taxes, the corporation you own is.
The priviledge of incorporation is a huge benefit; nobody twisted your arm and forced you to invest with a corporation. If you don't like the tax terms, then don't do it.
If you want to "be the business", and pay it as personal income, there are tax vehicles where this can be arranged.
You dont have a darn clue, do you? most business owners file business profits on their OWN tax returns, and AGAIN, are subject to taxation when they sell their businesses..
Thats DOUBLE taxation no matter how much you want to ignore the truth
You dont have a darn clue, do you? most business owners file business profits on their OWN tax returns, and AGAIN, are subject to taxation when they sell their businesses..
How's that any different in an individual paying taxes on wages, and then investing in stocks, and paying capital gains on that? Both are "double taxed" by your totally arbitrary standards.
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Thats DOUBLE taxation no matter how much you want to ignore the truth
You forgot the gas tax. And airline taxes. That's triple tax, quadruple tax. Wait, there are more taxes than that. Quintuple taxes. We'd better start looking up prefixes.
The top 5% is not the rich. The income cutoff for the top 5% is $154,643. That's not rich. Just ask Obama. Or OWS.
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You dont have a darn clue, do you? most business owners file business profits on their OWN tax returns, and AGAIN, are subject to taxation when they sell their businesses..
