Saturday, July 07, 2007

Buffett's Income

From: Times Online
Mr Buffett said that he was taxed at 17.7 per cent on the $46 million he made last year, without trying to avoid paying higher taxes, while his secretary, who earned $60,000, was taxed at 30 per cent.
This is interesting, as his salary as CEO of Berkshire used to be no more than $ 100'000 (might be doubled by now) and his billions worth of Berkshire stock yield zero dividend income.

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