Skip to comments.Buffett Discloses $62,855,038 In 2010 Gross Income (shortened title)
Posted on 10/12/2011 3:58:00 PM PDT by dynachrome
Buffett Discloses $62,855,038 In 2010 Gross Income, $39,814,784 In Taxable Income, And $6,923,494 In Federal Taxes
"Following a back and forth between Kansas Congressman Tim Huelskamp, we have now discovered what, according to Buffett, were the precise amounts of the Octogenarian Crony Capitalist of Omaha's 2010 gross income, taxable income and Federal tax respectively. These are as follows: $62,855,038, $39,814,784 and 6,923,494. This, apparently, was not enough for Huelskamp. The debate continues below."
(Excerpt) Read more at zerohedge.com ...
Warren Buffett is a DISGUSTING PHONEY!!!
OMG!!! I didn’t know how poor he is. I’m glad he’s marching with those OWS, or is he? /sarc
That's a poverty level tax rate and the guy's got nearly $40 million in net cash income.
Next time some ignant Democrat or Leftwingtard tells you that progressive taxation is good tell them to go argue it over with Warren Buffett.
Like so many rich, he never pays retail, so why should we?
I think none of us should have a federal income tax rate in excess of the effective rate paid by multibillionaires like Warren Buffett.
Looks like about 17.5 % in Fed Taxes to me.
That’s AFTER deducting $22M from his gross!!!
7 = ~17.5% of 40.
I sure would be interested in what some of the $22.5 million in deductions were all about.
“...what some of the $22.5 million in deductions were all about.”
Contributions to some communist 501c3’s?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.