Warren Buffett And Taxes

President Barack Obama and Warren Buffett in t...

Image via Wikipedia

On Tuesday there was an editorial in the Wall Street Journal about Warren Buffett and his taxes. I am not linking to the article because it is a subscribers only article.

The editorial staff of the Wall Street Journal points out that despite the fact that he is a strong cheerleader for increasing taxes on the wealthy, Warren Buffett does not practice what he preaches. Recently Mr. Buffett invested in Bank of America. Under normal circumstances, Berkshire Hathaway pays a top federal income tax rate of 35 percent. However, corporations can exclude 70 percent of the dividends they receive from an investment in another corporation. Because of that law, Berkshire will pay a tax rate of 10.5 percent on the $300 million in dividends it will receive each year from Bank of America. The shareholders in Berkshire Hathaway may appreciate this, as well they should, but it really doesn’t sound like the actions of someone who believes that the rich should pay more taxes. Maybe Mr. Buffett thinks that the ‘other’ rich should pay more taxes.

Enhanced by Zemanta

27 thoughts on “Warren Buffett And Taxes

  1. I’ve been searching on the net hoping to get some ideas on how to get our blog site coded, your present layout and theme are wonderful. Did you actually code it yourself or did you get a coder to get it done for you personally?

  2. My husband and daughter handle the techie stuff. The platform is Word Press which both of them say is very easy. Best wishes in starting your blog!

  3. Usually there are some fascinating time limits in this post however I don’t determine if I see they all center to heart. There may be some validity however I’m going to take hold opinion until I take a look at it further. Good article , thanks therefore we want extra!

  4. Very pleasant site, I just came to know of it yesterday afternoon. Bookmarked this and also stumbled upon it. Thanks a lot,You had some pleasant ideas in the post, I enjoyed reading it.

  5. I’m impressed, I need to say. Really rarely must i discovered your blog that is both educative and entertaining, and let me tell you, youve hit the nail on the head. Your article is outstanding; the issue is something a small number individuals are speaking intelligently about. Im very happy i stumbled across this in my seek out something relating to this.

  6. Hello there. I have favorited this page so I can check it out later. I aplogize if this looks stupid but I was wondering if somebody could teach me how to put this article to my windows dekstop. Anyway, thanks agen!!

  7. My mother and I wish to develop a blog comparable to this for our internet site, I stumbled across your blog looking for some ideas on the theme as well as page layout. I am taking some html coding course in college however, not sure if I would have the ability to develop a internet site like this one just yet. Did you code this website yourself or employ an expert?

  8. You probably already know more about HTML than I do! The platform for the blog is Word Press. It is very user-friendly. My husband and one of my daughters handle the techie stuff. Word Press is free and very easy to use. Good luck with your blog!

  9. Thanks for sharing the info. I found the info very useful. That’s a brilliant article you posted. I will come back to scan some more.

  10. I picture this could be various upon the written content material? then again I nonetheless believe that it usually is appropriate for nearly any type of matter subject matter, because it would incessantly be pleasant to decide a warm and delightful face or possibly hear a voice when initial landing.

  11. Reading your site I’m confident that i may well know from college, could happen to go to Texas Tech? In the event you did please shoot me a message so we can easily get up to date it has been quite a long time! Expect speaking with you and wish virtually all is well with you.

  12. You’d probably in no way find out those text coming from Obama, simply because Barak can be an ideologue, not really a philosopher. Obama’s accelerating philosophy will be secured inside a deep-rooted trend from people who realize success by way of cost-free areas and also a deep-rooted sympathy in direction of those that do well by way of area organisation along with market place potential fight.

  13. As soon as issues go negatively incorrect for one’s nation, along with the case based on the America, precisely what is in essence necessary is expect in addition to expectations, not necessarily fury in addition to lose hope. There can be a scarcity in the the previous along with a glut on the last option in the affected country. The difference within mind-set in between Clinton in addition to Barack obama responding for this dilemma informs us nearly all that we need to learn concerning the a pair of presidents

  14. I am speechless. This is a excellent weblog and very engaging too. Nice work! That’s no longer really so much coming from an beginner publisher like me, nevertheless it’s all I may say after diving into your posts. Nice grammar and vocabulary. Not like other blogs. You in point of fact know what you?re speaking approximately too. So much that you just made me need to discover more. Your weblog has grow to be a stepping stone for me, my friend.

  15. I got what you intend, regards for posting .Woh I am thankful to find this website through google. “I was walking down the street wearing glasses when the prescription ran out.” by Steven Wright.

  16. You’ll never ever hear all those terms coming from Barack Obama, mainly because Barack obama is surely an ideologue, not really a philosopher. Obama’s intensifying philosophy is definitely moored in the deep-rooted craze against people who be successful by means of free of charge market segments as well as a deep-rooted empathy towards individuals who realize success as a result of area company and also market conflict.

Comments are closed.