Whoa there, so Warren Buffet does all of his own taxes? You want to stick with that one?He doesn't need to.
Which is the exact reason that the analogy between Buffet and his secretary is beyond disingenuous.It's common knowledge that capital gains are taxed at much lower rates than personal income tax.
So do a lot of retirees in this country. Would you like to see their break go away too? There is a reason that capital gain is not taxed like regular income, one of which is that the money invested to make that gain has already been taxed.He also makes most of his money through capital gains, hence the lower tax rate.
And you, and I, and anyone that invests. Are you really that jealous of someone that has more than you that you would advocate taking it from them so you could have it?He's not gaming the system, the system was tailor made for him.
Which is a scam as well, but both have a ring of truth. It is a fact that the better people you hire the better result you will have. Just as it is a truth that Buffet takes a token salary to avoid taxation probably based on these persons advice.No, you don't pay less based on how many lawyers you hire. He pays less cause most of his money comes from capital gains and not personal income from his job.
Glad to see you actually understand the system. It makes it all the more confusing that you would advocate destruction of that system over your jealousy of people that make more than yourself. Also, since you understand this, then one can only conclude that you are also being disingenuous in your argument by supporting Buffet's silly crap.If you went out and made the same amount of money as him through personal gains and investing you'd pay very close to the same tax rate. He's not gaming he system.
If you shrink the reward for investing, and make it more expensive to invest, what is the logical outcome of that?If you think that him making money through capital gains is gaming the system then I would think you agree with me that we should tax capital gains income as personal income...
Arguing for other wealthy people to pay more while he is connected with legal maneuvers to avoid paying more, and you don't see the conflict there? Really?They are not simply refusing to pay taxes. They are filing appeals on what they actually owe. The company thinks it was over taxed and they are following all the right moves to get it dealt with. Warren Buffett can't treat the company's money the same way he would treat his own money. That's not how the world works.