PlanetSide Universe - View Single Post - Santorum Drops Out
View Single Post
Old 2012-04-11, 09:06 PM   [Ignore Me] #38
Lieutenant General
Re: Santorum Drops Out

Originally Posted by Malorn View Post

I'm talking about billionaires and their "carried interest" tax advantage.

Originally Posted by Warren Buffet
While the poor and middle class fight for us in Afghanistan, and while most Americans struggle to make ends meet, we mega-rich continue to get our extraordinary tax breaks. Some of us are investment managers who earn billions from our daily labors but are allowed to classify our income as “carried interest,” thereby getting a bargain 15 percent tax rate. Others own stock index futures for 10 minutes and have 60 percent of their gain taxed at 15 percent, as if they’d been long-term investors.

Signed, Warren Buffet, Billionaire.
Figment is offline