bigdawgworking Wrote:
Dec 02, 2012 10:58 AM
Almost a great article until "...they get paid with investment dividends." First, Buffet's salary is only $100,000 per year. Increasing income taxes on $250,000 and above has ZERO effect on Buffet. But, in the case of Buffet, any additional income is NOT in the form of dividends. Berkshire does NOT pay dividends. Buffet's other income comes primarily from selling shares of Berkshire and is taxed at capital gains rates. The liberal conclusion is to increase taxes on captial gains and on dividends. SCAM!! Everyone working American who saves into a mutual fund will be hit with increased taxes IF the this scam is allowed. Buffet knows it. Obama knows. Their goal is fleece the working American.