Decomposed > Warren Buffett's annual salary is $100,000. His secretary probably makes more than that.
I suspect this needs some serious research . . .
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http://www.barrons.com/articles/warren-buffetts-nifty-tax-loophole-1428726092
Warren Buffett’s Nifty Tax Loophole
April 11, 2015
Warren Buffett is fond of saying his tax rate is lower than his secretary’s. He does not publicize his tax returns, but for the tax year 2010, he paid $6.9 million on taxable income of $39.8 million, according to partial disclosures he made in 2011.
What is astounding about those numbers is not the 17.3% tax rate,
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(Article does continue. Zim.)
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Tax Secrets of the 1%
http://www.fool.com/retirement/2017/03/20/tax-secrets-of-the-1.aspx
Mar 20, 2017
Capital gains: It's not "income" until you sell
Last year, Warren Buffett reported about $11.6 million in gross income on his tax return, and paid $1.85 million in federal income taxes. His 16% effective tax rate already sounds low, until you consider that his net worth increased by $12 billion in 2016. In fact, Warren Buffett's tax rate as a percent of his wealth is a paltry 0.002%.
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So,
Buffets 'salary' might be just $100,000 . . .
But his income appears to be a LOT more.
Zim.
Mad Poet Strikes Again.
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