Quote:
Originally Posted by Joecooool
This information is misleading.
The vast majority of wealthy people in this country derive their income from long term capital gains. That is taxed as a maximum of 15% regardless of total income.
Warren Buffet issued a challenge a few years ago to the Forbes 400 to prove that anyone on that list paid more taxes by a percentage of total income than their secretary did. He even offered a million dollars to anyone who could show they do.
No one did. or will
Read this - Me and My Secretary - Forbes.com |
I'd bet Buffet's Million Dollars that no one on this forum could challenge your above post ...
They will dance all arond it or simply ignor it ...
