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No, it's better/worse than that. Long-term capital gains (held more than one year) are taxed at 15% for someone like Buffet. He paid a lower rate (17.7% combine
by boredguy8 16y ago
No, it's better/worse than that. Long-term capital gains (held more than one year) are taxed at 15% for someone like Buffet. He paid a lower rate (17.7% combined short-term and long-term) on taxes than his secretary without trying to avoid taxes.