Quote:
Originally Posted by Flames Fan, Ph.D.
Actually Buffett doesn't benefit from loopholes all that much. What he benefits from is a big pile of dividend-paying equity. Since that is the vast majority of his income, the US tax code rewards him with a low low low 15% rate.
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Huh. Well maybe the US tax code should be 20% right across the board. I don't know. I just don't understand the "take more from the wealthy" mentality, outside of taking the same percentage, which happens to be more.