To: Loyal Buckeye
I’m a little tired of hearing Warren Buffet’s opinion of the tax code. Buffet’s dirty little secret is his ability to buy family owned companies that have to be sold to pay inheritance taxes. His insurance companies provide him with a steady cash flow for these acquit ions.
To: Eric in the Ozarks
His insurance companies provide him with a steady cash flow for these acquit ions. Plus the insurance companies shield him from capital gains taxes.
11 posted on
08/06/2007 6:23:11 AM PDT by
Moonman62
(The issue of whether cheap labor makes America great should have been settled by the Civil War.)
To: Eric in the Ozarks
Plus Buffett probably takes his income as dividends and cap. gains and very little salary.
Is he suggesting that dividends and cap gains s/b taxed the same as salaries, which would include using the tax tables plus adding on social security and medicare taxes?
To: Eric in the Ozarks
buffet will burn in hell for what he has done.
LLS
21 posted on
08/06/2007 6:30:59 AM PDT by
LibLieSlayer
(Support America, Kill terrorists, Destroy dims!)
To: Eric in the Ozarks
Anyone with a family owned business who doesn’t incorporate and steer their investments to reduce taxes is a damn fool and deserves whatever the IRS takes them for.
Before anyone jumps on my back, do some research about family limited partnerships.
85 posted on
08/06/2007 11:54:55 AM PDT by
B4Ranch
( "Freedom is not free, but don't worry the U.S. Marine Corps will pay most of your share.")
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