Quote:
Originally Posted by Sunny Day
http://www.politicususa.com/en/koch-taxes
Buffett was candid in revealing that his tax burden was barely 17.4% on his income and nothing in payroll taxes...
Factored in with Koch?s approximately 17% tax liability means they still do not pay as much as an average middle-class taxpayer who pays nearly 25-38% in total taxes. It is hardly equitable, but paying their fair share is not what the Koch brothers are about.
At least one Koch brother lives in NYC, doesn't sound like he's paying 50+%
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here, I'll dumb it down for you. just for fun. its obvious you don't have the ability to learn.
koch EARNS $1m in NYC. he pays approx. 50% on his EARNINGS leaving him with $500k
He then takes that already taxed $500k and invests it. If he should happen to profit from his INVESTMENT, he's taxed on his INVESTMENT income at 15%
There's a reason you're posting on a porn board middle of the day instead of working as an accountant somewhere.