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psssst... after Obamas take it won't get you anywhere.
Quote:
Originally Posted by petch751 View Post
Our tax system is progressive. Why do you want a raise? Government will only take more of what you make. Of course Obama wants you to make more so he can take more.
And? Thats a tax on INCOME, not wealth.. Whats your point other than to display your own ignorance?
Quote:
Originally Posted by d from birmingham
" he keeps his salary at BRK at $100K a year to reduce his tax liability"
Or else he does what CEOs, Chairmans at many corps outside of the US do which is only get 100k salary for that position. Only in the US do the CEOs of a corporation get paid millions of dollars per year.
And collects the rest in billions of dollars in wealth, which isnt taxed.. What part of that dont you get?
Quote:
Originally Posted by d from birmingham
Berkshire is not fighting the IRS. That is rightwing media bs crap. Berkshire actually paid the taxes it's supposed to pay as part of the tax code. They don't owe the IRS any money.
"Berkshire has not paid a cash dividend since 1967."
I know.. by his own admission he stopped paying them to reduce the tax obligations on his investors..
Quote:
Originally Posted by d from birmingham
"Buffett, 83, has long maintained that he can generate better returns through acquisitions such as the BNSF railroad and investments such as Wells Fargo & Co.
"He told shareholders in 2011 that Berkshire's share price ought to fall if the company decided to pay a dividend. Buffett also wants to keep a $20 billion cash cushion."
"Our shareholders are far wealthier today than they would be if the funds we used for acquisitions had instead been devoted to share repurchases or dividends," he said in his March 2013 annual letter."
yes because if they paid them out in dividens, they would have been TAXED..
To imply that people should be paid more so they can give more away, while ignoring that they wont be able to because other costs increases would eat away at any increase they receive, is pretty dumb..
Love charity, I give away a good bit of money every year. but I dont earn more so I can give more away, I give it away because I can..
Let's just say you are being serious. You want a raise to give more to charity (not buying it). But if you are for real, why wouldn't you be upset at people like Pelosi. The mouth pieces of your party. She has over $50,000,000. Certainly, she didnt want that extra money to give to charity, because, well, she still has it all.
To imply that people should be paid more so they can give more away, while ignoring that they wont be able to because other costs increases would eat away at any increase they receive, is pretty dumb..
Love charity, I give away a good bit of money every year. but I dont earn more so I can give more away, I give it away because I can..
Yes, I agree with you. We need to raise minimum wage so that they can meet their costs.
We less than wealthy liberals want to hang onto our wealth for the same reason as anyone else. We like to invest it to make even more money. In another ten years or so I will start spending the capital on vacations and other fun things because I have no heirs to will the money to. The trick will be getting the rate correct. I would hate to die with a lot of investment on hand almost as much as not having enough to enjoy if I live another 40 years (possible but not likely).
Every time I earned more money the government took more but I always had a net increase in my paycheck some of which I used to invest thus increasing my wealth.
Yes, I agree with you. We need to raise minimum wage so that they can meet their costs.
That doesnt work and is pretty dumb.. But 2 minutes ago you said we should raise it to give it away.. you cant spend the money twice..
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