Why the rich should pay more in taxes

budw38 · 06-20-2010, 03:00 PM

As far as Buffett paying a lower % of his money than his cleaning lady , it is because Buffett .... "chooses" not to pay himself an income , but pays his cleaning by way of income . If WB wants to , he can pay himself a salary and pay his cleaning lady through dividends , he could also give a gift / bonus every year and pay the gift tax on it for her .Lessons From How Grace Groner Made and Gave Away $7 Million - The Wealth Report - WSJ .. had the feds taxed her at 70% U.S. Treasury - Fact Sheet on the History of the U.S. Tax System , she would have never been able to do this .

06-20-2010, 03:00 PM	#24
budw38 Playmaker Join Date: Mar 2006 Location: Northern,Va. Posts: 2,706	Re: Why the rich should pay more in taxes As far as Buffett paying a lower % of his money than his cleaning lady , it is because Buffett .... "chooses" not to pay himself an income , but pays his cleaning by way of income . If WB wants to , he can pay himself a salary and pay his cleaning lady through dividends , he could also give a gift / bonus every year and pay the gift tax on it for her .Lessons From How Grace Groner Made and Gave Away $7 Million - The Wealth Report - WSJ .. had the feds taxed her at 70% U.S. Treasury - Fact Sheet on the History of the U.S. Tax System , she would have never been able to do this .

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