Quote:
Originally posted by davidd
I oil up my guns
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I find myself strangely aroused by this.....
Ahem, what were we talking about?
Here is that quote that was brought up:
"The taxes I pay to the federal
government, including the payroll tax that is paid for me by my
employer, Berkshire Hathaway, are roughly the same proportion of my
income -- about 30 percent -- as that paid by the receptionist in our
office. My case is not atypical -- my earnings, like those of many rich
people, are a mix of capital gains and ordinary income -- nor is it
affected by tax shelters (I've never used any). As it works out, I pay a
somewhat higher rate for my combination of salary, investment and
capital gain income than our receptionist does. But she pays a far
higher portion of her income in payroll taxes than I do."