View Single Post
Old 08-16-2011, 04:14 PM   #79
MarchHare
Franchise Player
 
MarchHare's Avatar
 
Join Date: May 2004
Location: YSJ (1979-2002) -> YYC (2002-2022) -> YVR (2022-present)
Exp:
Default

Quote:
Originally Posted by Mccree View Post
I don't want to put words in his mouth but I THINK he is saying it is easier to increase your NET WORTH if you pay very little taxes. Buffet was able to obtain a higher net worth by using the lower tax rate and "loopholes"
Actually, according to Buffett himself (whether you believe him is another issue, I suppose), he doesn't employ a personal accountant and doesn't take advantage of tax shelters available to him.
MarchHare is offline   Reply With Quote