Warren Buffet: stop coddling the richest Americans

[Ironside]

being thin skinned isn't a good thing especially on the internet.

......... You should know I suppose.


Anyway, what kind of job do you have if you're making 200k or 309k respectivly? Middle boss or something?

Oh and cooperate taxes doesn't apply, since it's taken from a different pot. The CEO salary is payed before cooperate taxes is payed and it's very rare for a rich CEO to have their own private company, making company profits different from private profits.

You might get double taxed by having own stocks and getting the divends (that's certainly a greed is good encuragement), the company profit part that's defined as being the non-reinvested part. But those capital gains taxes are much lower (10%-20%, better number if you're richer) than regular taxes.

I also call shenanigans on this. The only logical conclusion you can draw from this is that all 20 people in his office are very rich and Buffett is just better at sheltering his taxes. My income falls above the median household income in my state and my effective tax rate (according to TurboTax) is typically under 10%.

While the people in the office are probably very rich, it's quite possibly enough that he gets most of his income as capital gains to get the difference.