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Buffett said that because he wants other to pay more tax. If he so wants to pay more tax as law requires it, then all he has to do is lobby Washington get rid o
by wdn 8y ago
Buffett said that because he wants other to pay more tax. If he so wants to pay more tax as law requires it, then all he has to do is lobby Washington get rid of the “Dividend Received Deduction” or DRD, which he is the biggest beneficiary.
DRD is when a company, in this case Bershire Hathaway, received a dividend payment from a company they owned, Bershire can exempt up to 80% of the dividend from the income tax.
I love Buffett dearly and I think he is a great person. But when it come to tax, he is a hypocrite.
- JamesBarney 8y agoThe drd doesn't effect his personal tax rate, it only affects Berthshire Hatheways tax rate.