Pay those taxes boys and girls.

[rod]

 

[rod]

View attachment 340414

Don't you wish you could get off paying only 3% fed. income taxes

 

[rod]

How about Warren Buffett--24 BILLION growth and paid 0.10 % taxes. And its all legal. Can't blame them for taking advantage of tax loop holes.

 

[baklava]

jOb cReAtoRs

 

[Karma...]

interesting.......so thats what was paid on capital gains ?....unless one sells ...no profit...no capital gains....wealth growth yes....not income......correct me please.

 

[silenze]

Yeah these guys take like 0 salary. Everything in stock.

 

[zubenelgenubi]

interesting.......so thats what was paid on capital gains ?....unless one sells ...no profit...no capital gains....wealth growth yes....not income......correct me please.

Exactly, are these percentages based on their "wealth growth" or actual income?

Most of these people's net worth is tied up in stock. Does anyone here pay taxes when the stock they own goes up in price? Nope. If billionaires had to do that, they would have to sell shares to pay taxes, which could decrease the stock prices, and people would complain about that. Of course it could lead to a predictable annual dip in the markets, which hedge fund managers could take advantage of...