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Re:The Koch brothers are campaigning against tax rises for p... by RobertoG on Tuesday June 19, 2018 @01:39PM (#17348690)
This is a real quote but, without context, gives an unfair impression about Buffet: he said that while supporting bigger taxation.

He also said something in the lines that "he was paying a lower tax rate than his secretary". That sounds crazy to me, but I'm not going to discuss about finances with Warren Buffet.

Re:The Koch brothers are campaigning against tax rises for p... by pseudalopex on Tuesday June 19, 2018 @06:40PM (#17350864)
Most of Buffet's income is long-term capital gains, and he probably pays his secretary well above median.
Re:The Koch brothers are campaigning against tax rises for p... by smsm42 on Tuesday June 19, 2018 @09:14PM (#17351632)
> That sounds crazy to me

Probably because it's not true. Of course, it all depends also on definition of "tax rate" - are you talking about federal income tax? All taxes combined? Marginal tax rate? Effective tax rate? Single-year or averaged over a period of time? Do you include corporate taxes (which are paid by corporation, but effectively reduce the wealth of corporate owner or shareholder)? Until you define all those, this slogan is meaningless.

> I'm not going to discuss about finances with Warren Buffet.

He wasn't discussing finance, he was propagandizing. These are completely different games with completely different rules. In finance, numbers and facts matter - if you lie in a financial report, you risk heavy fines or jail, and probably will lose confidence of your business partners. If you lie in propaganda, as long as the lie is believable, well packaged and matches the prejudices of your target audience, you win.

Re:The Koch brothers are campaigning against tax rises for p... by grasshopperpurp on Wednesday June 20, 2018 @02:16PM (#17358070)
Please help me understand how the context of him arguing for a tax increase changes the meaning of the quote. How does the quote (independent of context) give an unfair impression of Buffett?