From: "Mark" 

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Perhaps, after reading this piece, you'll come to a better understanding =
of the whys and wherefores of Buffet's positions:

http://www.nationalreview.com/magazine/20040823/full.asp#037476
Buffetted: The Sage of Omaha loves the estate tax =97 as well he might

  "Gary Britt"  wrote in message =
news:432082c1$1{at}w3.nls.net...

  "Robert G Lewis"  wrote in message =
news:43206c4f$1{at}w3.nls.net...
  >=20
  > "Gary Britt"  wrote in message=20
  > news:431fbfd7$1{at}w3.nls.net...
  >=20
  > Now don't leave out the Scaifes , the coors or the bug republicans

  Bug republicans?

  >=20
  > I got a real kick hearing Warren Buffet saying that under the =
proposed tax=20
  > code changes he could structure his pay in a way that he would pay =
less in=20
  > taxes that his secertary . All he had to do was to take dividends =
instead of=20
  > Income from the company.

  Not quite true.  He would have to pay himself a reasonable salary for =
his circumstances, experience performance past history, etc. and that =
would be subject to the full tax rates for that level of income, and = then
any remaining profits less the corporate tax of 28% or 35% (not = sure of
the rate) could be paid as dividends and taxed again at 15% flat = rate. 
So the combined taxes paid on the income that yielded the cash to = pay the
dividends would be 28% plus 15% or 43%, which is likely to be a = tad bit
higher than his secretary. =20

  While Warren Buffett may not need that reward, providing incentives to =
people who create valuable jobs in the economy, employ others, take the =
risks of losing their money, credit, home, etc, isn't a bad thing.  Have =
more money after taxes for a small business owner (the people who create =
50% or more of the jobs in this country) means having the ability to =
further grow their businesses and create more jobs and wealth in the =
economy.  Somebody not having to pay their shirt in taxes or receiving = an
indirect reward for providing wealth and jobs to half the country or = more
isn't a bad thing.  Its a GOOD thing.  Good for everyone.

  Buffett is free to give any amount he wants to the federal government =
if he feels undertaxed.   But he's an out of touch Ultra Rich guy who =
advocates things that would be quite harmful to the economy and lives of =
the middle income people who run their own small businesses and aren't =
Ultra Rich multi-Billionaires.

  Buffett is such an Ultra-Rich Billionaire, he's forgotten what it was =
like to just be a middle class business owner, employing several = hundreds
of people and only making $500,000 per year upon which the = combined tax
rates would be no less than 30% to 35% and whose marginal = tax rate on
each new dollar earned would be no less than 39% not = counting state
income taxes and Social Security taxes.

  Gary
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Perhaps, after reading this piece, =
you'll come to a=20
better understanding of the whys and wherefores of Buffet's=20
positions:
 

http://www.nationalreview.com/magazine/20040823/full.asp#037476=
>
Buffetted: The Sage of Omaha loves the =
estate tax =97=20
as well he might
 

  "Gary Britt" <zotu{at}nospamforme.com>">mailto:zotu{at}nospamforme.com">zotu{at}nospamforme.com>
=
wrote in=20
  message news:432082c1$1{at}w3.nls.net...
   
  "Robert G Lewis" <r.g.lewis{at}comcast.net>">mailto:r.g.lewis{at}comcast.net">r.g.lewis{at}comcast.net>
=
wrote in=20
  message news:43206c4f$1{at}w3.nls.net...
  > > "Gary Britt" <zotu{at}nospamforme.com>">mailto:zotu{at}nospamforme.com">zotu{at}nospamforme.com>
=
wrote in=20
  message > news:431fbfd7$1{at}w3.nls.net...=
>=20
  > Now don't leave out the Scaifes , the coors or the bug=20
  republicans
  Bug republicans?
   
  > > I got a real kick hearing Warren
Buffet saying that =
under=20
  the proposed tax > code changes he could structure his pay in a =
way=20
  that he would pay less in > taxes that his secertary . All he =
had to do=20
  was to take dividends instead of > Income from the =
company.
  Not quite true.  He would have to pay himself a reasonable =
salary=20
  for his circumstances, experience performance past history, etc. and =
that=20
  would be subject to the full tax rates for that level of income, and =
then any=20
  remaining profits less the corporate tax of 28% or 35% (not =
sure of=20
  the rate) could be paid as dividends and
taxed=20
  again at 15% flat rate. 
So the combined =
taxes paid=20
  on the income that yielded the cash to pay the dividends would be =
28%=20
  plus 15% or 43%, which is likely to be a tad bit higher than his=20
  secretary.  
   
  While Warren Buffett may not need that reward, providing =
incentives to=20
  people who create valuable jobs in the economy, employ others, take =
the risks=20
  of losing their money, credit, home, etc, isn't a bad thing.  =
Have more=20
  money after taxes for a small business owner (the people who create =
50% or=20
  more of the jobs in this country) means having the ability to further =
grow=20
  their businesses and create more jobs and wealth in the economy.  =

  Somebody not having to pay their shirt in taxes or receiving an =
indirect=20
  reward for providing wealth and jobs to half the country or more isn't =
a bad=20
  thing.  Its a GOOD thing.  Good for everyone.
   
  Buffett is free to give any amount he wants to the federal =
government if=20
  he feels undertaxed.   But he's an out of touch Ultra Rich =
guy who=20
  advocates things that would be quite harmful to the economy and lives =
of the=20
  middle income people who run their own small businesses and aren't =
Ultra Rich=20
  multi-Billionaires.
   
  Buffett is such an Ultra-Rich Billionaire, he's forgotten what it =
was=20
  like to just be a middle class business owner, employing several =
hundreds=20
  of people and only making $500,000 per year upon which the =
combined tax=20
  rates would be no less than 30% to 35% and whose marginal tax rate on =
each new=20
  dollar earned would be no less than 39% not counting state income =
taxes and=20
  Social Security taxes.
   
  Gary

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