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why does Buffett structure his compensation so he only has a salary of 100 grand?
If he structured his salary consistent with other people running similar organizations he would have several million being taxed at 35%
he pays a higher tax on his earned income than his ad staff and the same or higher rates on other forms of income
those who lap up his BS are gullilble
He didn't even try to avoid paying higher taxes and only had to pay 17.7 percent of his taxes. This is further backed up by the study mbig referenced and the ever widening income gap shown by the statistics:
"The gap between the wealthiest Americans and the poorest is bigger than at any time since the 1920s — just before the Depression. According to an analysis this year by Edward Wolff of New York University, the top 20% of wealthy individuals own about 85% of the wealth, while the bottom 40% own very near 0%.
Many in that bottom 40% not only have No assets, they have Negative net wealth."
Spreading the wealth - Los Angeles Times
The American people have been gullible, I will agree with you there, gullible for standing for it. However, pain has a way of sharpening ones senses. And as 1 out 7 people are now below the poverty line, more and more people are willing to stand up and defend themselves in the class war that officially began under Reagan when he slashed the tax rates for the top income brackets.