Reader comment on: Buffett's Tax Break
Submitted by Unattorney (United States), Apr 25, 2012 12:20
His empire is entirely immune to inflation. He has earned $50 billion tax free and will never pay any.Since none of his income is defined as income for tax purposes, any increase in income taxes subsidizes him. Huge deficits and unlimited printing of dollars mean it's party time. Zero interest for old people ain't his problem.
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