Would you take up arms to oppose an illegitimate Trump third term?
- Thread starter BradStevens
- Start date
How large was the segment who supported the American Revolution?
The highest estimate I've seen is 30%. The others were outright against it or didn't care, one way or the other.
The idea of separation from the UK - mainly England - were from Scotts and Irish and large land owners who also happened to be slave owners. There was a large German population who didn't care which side of he 'English' won and working class and shop owners who, likewise, didn't really care.
The Tea Party was also depicted as a small segment of the population that eventually turned into MAGA and elected Trump. Twice.
Buffett didn't say he paid less taxes than his secretary. He said he paid a lower average rate than his secretary.
And it's entirely possible this is true. First off, his secretary is paid very well by secretary standards. Second, he has usually taken a relatively paltry salary from BRK. Last year, his salary was $405k.
But, I'm sure he has all sorts of other types of income. Let's say he has qualified dividends or cap gains. Those max out at 20% -- which is lower than all but the bottom two income tax rates.
However, this discounts the taxes paid by the entities on the income they generated to pay dividends and grow capital. That's the important takeaway. These are secondary taxes for those with interest in C Corporations -- which I'd guess that all of WEB's holdings are. Or certainly the vast majority of them.
A C Corp is not a tax shelter. Their earnings are taxed as corporate income and then again when they are distributed as dividends (or when the appreciated stock is sold for those earnings retained.
I realize all that.Buffett didn't say he paid less taxes than his secretary. He said he paid a lower average rate than his secretary.
And it's entirely possible this is true. First off, his secretary is paid very well by secretary standards. Second, he has usually taken a relatively paltry salary from BRK. Last year, his salary was $405k.
But, I'm sure he has all sorts of other types of income. Let's say he has qualified dividends or cap gains. Those max out at 20% -- which is lower than all but the bottom two income tax rates.
However, this discounts the taxes paid by the entities on the income they generated to pay dividends and grow capital. That's the important takeaway. These are secondary taxes for those with interest in C Corporations -- which I'd guess that all of WEB's holdings are. Or certainly the vast majority of them.
A C Corp is not a tax shelter. Their earnings are taxed as corporate income and then again when they are distributed as dividends (or when the appreciated stock is sold for those earnings retained.
Everyone with a brain knows he was playing games with his personal rate. That doesn't mean he's not paying taxes out the wazoo for his companies.
I know farmers who are very wealthy and pay themselves a minimum salary each year. Then they 'tithe' their 10% to the church, which is a pitifully small amount. Then they pay a different tax rate by pulling money out of their corporation to buy their kid a new car.
The idea of comparing Buffet and his secretary on taxes is just fodder for the mentally weak and gullible.
This woman probably would. This is totally normal behavior for a parent!
Goes to show you how desperate some men can be. Someone put 2 babies in that thing. Eww
I guess if Trump attempted to run for a 3rd term, theoretically Obama could pull a Willis Reed right?
