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Not more in taxes but more as a percentage of total earnings. The tax bracket was higher for the secretary whereas for Buffett it was around 18% (iirc).
by krishna2 16y ago
Not more in taxes but more as a percentage of total earnings. The tax bracket was higher for the secretary whereas for Buffett it was around 18% (iirc).
- Bricejm 16y agoThe capital gains/dividend tax breaks basically benefit the rich. Cap gains/dividend taxes should be on a marginal basis just like ordinary income.
- 2arrs2ells 16y agoThe idea behind lower cap gains/dividend taxes is to incentivize investment (over consumption or savings). I'm no expert with the economics literature here, but I would worry about making changes that make it harder for businesses to access capital.
- loewenskind 16y agoYou don't have to throw the dice and hope, you can go look at most of the other 1st world countries that don't have this and how they're doing. Hint: just fine.