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Author: JCroweJCrowe Date: Jan 27, 2008 09:21
Cyrus Afzali wrote:
> On Fri, 25 Jan 2008 22:14:35 -0600, JCrowe hotrats.org>
> wrote:>> While that may be true, the taxes paid by Warren Buffett dwarf
>> probably all of his employees combined. My own take is that everybody
>> should pay a much lower gross amount and a much lower tax rate. This
>> can only happen, though, if the government reins in it's overwhelming
>> urge to spend money without end.
>
> Not necessarily. Everything that's quoted is about his net worth; his
> annual compensation is actually quite small relative to his wealth and
> he tends not to exercise many stock option grants. While his net worth
> is $52 billion, his annual compensation is only around $100K. Also,
> Berkshire-owned companies employee tens of thousands.
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Author: fiddler crabbyfiddler crabby Date: Jan 27, 2008 10:32
In article newssvr23.news.prodigy.net>,
bongofury@hotrats.org says...
The solution, which seems not to occur to> very many people, is to drastically reduce the size and
> scope of government at every level, let people make their
> own free choices, eliminate most taxes and eliminate the
> Federal Reserve. In other words, let people be free again.
"Again"? What time are you referring to?
--fc
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Author: OlinOlin Date: Jan 27, 2008 11:33
> Cyrus Afzali wrote:
>> On Fri, 25 Jan 2008 22:14:35 -0600, JCrowe hotrats.org>
>> wrote:>>> While that may be true, the taxes paid by Warren Buffett dwarf
>>> probably all of his employees combined. My own take is that everybody
>>> should pay a much lower gross amount and a much lower tax rate. This
>>> can only happen, though, if the government reins in it's overwhelming
>>> urge to spend money without end.
>>
>> Not necessarily. Everything that's quoted is about his net worth; his
>> annual compensation is actually quite small relative to his wealth and
>> he tends not to exercise many stock option grants. While his net worth
>> is $52 billion, his annual compensation is only around $100K. Also,
>> Berkshire-owned companies employee tens of thousands.
>
> So, if Warren Buffett pays 17.7%% on an AGI of $100K, then he's not
> making an annual income much higher than his employees. I suspect that
> his wealth consists of a lot more than stock options.....I suspect that ...
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Author: JCroweJCrowe Date: Jan 27, 2008 11:34
fiddler crabby wrote:
> In article newssvr23.news.prodigy.net>,
> bongofury@hotrats.org says...
> The solution, which seems not to occur to>> very many people, is to drastically reduce the size and
>> scope of government at every level, let people make their
>> own free choices, eliminate most taxes and eliminate the
>> Federal Reserve. In other words, let people be free again.
>
> "Again"? What time are you referring to?
>
> --fc
>
All relative, but prior to 1913 would be a good place to
start. That was before the assumption that government owned
the body and efforts of the individual in the U.S. Of course,
there was government collusion with big business back then,
but for sheer degree it was minimal. There was also no central
bank, though there had been two previous and failed iterations.
Poor people, notably immigrants, had the potential to ...
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Author: jakdedertjakdedert Date: Jan 27, 2008 13:53
Olin wrote:
>> Cyrus Afzali wrote:
>>> On Fri, 25 Jan 2008 22:14:35 -0600, JCrowe hotrats.org>
>>> wrote:>>>> While that may be true, the taxes paid by Warren Buffett dwarf
>>>> probably all of his employees combined. My own take is that everybody
>>>> should pay a much lower gross amount and a much lower tax rate. This
>>>> can only happen, though, if the government reins in it's overwhelming
>>>> urge to spend money without end.
>>> Not necessarily. Everything that's quoted is about his net worth; his
>>> annual compensation is actually quite small relative to his wealth and
>>> he tends not to exercise many stock option grants. While his net worth
>>> is $52 billion, his annual compensation is only around $100K. Also,
>>> Berkshire-owned companies employee tens of thousands.
>> So, if Warren Buffett pays 17.7%% on an AGI of $100K, then he's not
>> making an annual income much higher than his employees. I suspect that
>> his wealth consists of a lot more than stock options.....I suspect that
>> he has a lot of diversified assets including BH shares. So, other than ...
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Author: OlinOlin Date: Jan 27, 2008 14:12
> Olin wrote:
>>> Cyrus Afzali wrote:
>>>> On Fri, 25 Jan 2008 22:14:35 -0600, JCrowe hotrats.org>
>>>> wrote:>>>>> While that may be true, the taxes paid by Warren Buffett dwarf
>>>>> probably all of his employees combined. My own take is that everybody
>>>>> should pay a much lower gross amount and a much lower tax rate. This
>>>>> can only happen, though, if the government reins in it's overwhelming
>>>>> urge to spend money without end.
>>>> Not necessarily. Everything that's quoted is about his net worth; his
>>>> annual compensation is actually quite small relative to his wealth and
>>>> he tends not to exercise many stock option grants. While his net worth
>>>> is $52 billion, his annual compensation is only around $100K. Also,
>>>> Berkshire-owned companies employee tens of thousands.
>>> So, if Warren Buffett pays 17.7%% on an AGI of $100K, then he's not
>>> making an annual income much higher than his employees. I suspect that ...
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Author: KDKD Date: Jan 27, 2008 16:48
On Jan 27, 4:12 pm, "Olin" comcast.net> wrote:
> Alas, Michael not only argues for a better tax deal for himself... he
> eventually apparently grew tired of janitors joining the millionaires' club
> and that stock program was scrapped toot suite!
You know that is why Dell scrapped the program? Because he told you?
Because you can read his mind? Because B happened to follow A and
therefore we assume that B was because of A? There couldn't possibly
be another reason?
> He's operating his business at incredibly reduced taxes, making promises he
> never intends to keep
Again, you know he doesn't intend to keep these promises because he
told you or someone else who quoted him? Because you can read his
mind?
Look, I'm no apologist for Michael Dell. But, I do believe in
sticking with the facts rather than assuming to read people's minds.
-KD
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Author: JCroweJCrowe Date: Jan 27, 2008 17:05
Olin wrote:
>> Cyrus Afzali wrote:
>>> On Fri, 25 Jan 2008 22:14:35 -0600, JCrowe hotrats.org>
>>> wrote:>>>> While that may be true, the taxes paid by Warren Buffett dwarf
>>>> probably all of his employees combined. My own take is that everybody
>>>> should pay a much lower gross amount and a much lower tax rate. This
>>>> can only happen, though, if the government reins in it's overwhelming
>>>> urge to spend money without end.
>>> Not necessarily. Everything that's quoted is about his net worth; his
>>> annual compensation is actually quite small relative to his wealth and
>>> he tends not to exercise many stock option grants. While his net worth
>>> is $52 billion, his annual compensation is only around $100K. Also,
>>> Berkshire-owned companies employee tens of thousands.
>> So, if Warren Buffett pays 17.7%% on an AGI of $100K, then he's not
>> making an annual income much higher than his employees. I suspect that
>> his wealth consists of a lot more than stock options.....I suspect that
>> he has a lot of diversified assets including BH shares. So, other than ...
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Author: OlinOlin Date: Jan 27, 2008 17:40
"KD" gmail.com> wrote in message
news:758ab313-cd4a-4c75-9954-9b370998cb62@e4g2000hsg.googlegroups.com...
On Jan 27, 4:12 pm, "Olin" comcast.net> wrote:
> Alas, Michael not only argues for a better tax deal for himself... he
> eventually apparently grew tired of janitors joining the millionaires'
> club
> and that stock program was scrapped toot suite!
You know that is why Dell scrapped the program? Because he told you?
Because you can read his mind? Because B happened to follow A and
therefore we assume that B was because of A? There couldn't possibly
be another reason?
> He's operating his business at incredibly reduced taxes, making promises
> he
> never intends to keep
Again, you know he doesn't intend to keep these promises because he
told you or someone else who quoted him? Because you can read his
mind?
Look, I'm no apologist for Michael Dell. But, I do believe in
sticking with the facts rather than assuming to read people's minds.
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Author: OlinOlin Date: Jan 27, 2008 17:56
> Olin wrote:
>>> Cyrus Afzali wrote:
>>>> On Fri, 25 Jan 2008 22:14:35 -0600, JCrowe hotrats.org>
>>>> wrote:>>>>> While that may be true, the taxes paid by Warren Buffett dwarf
>>>>> probably all of his employees combined. My own take is that everybody
>>>>> should pay a much lower gross amount and a much lower tax rate. This
>>>>> can only happen, though, if the government reins in it's overwhelming
>>>>> urge to spend money without end.
>>>> Not necessarily. Everything that's quoted is about his net worth; his
>>>> annual compensation is actually quite small relative to his wealth and
>>>> he tends not to exercise many stock option grants. While his net worth
>>>> is $52 billion, his annual compensation is only around $100K. Also,
>>>> Berkshire-owned companies employee tens of thousands.
>>> So, if Warren Buffett pays 17.7%% on an AGI of $100K, then he's not
>>> making an annual income much higher than his employees. I suspect that ...
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