tag:blogger.com,1999:blog-18183714.post1464108140797280902..comments2024-03-08T20:25:35.963+08:00Comments on Malaysia-Finance Blogspot: SalvadorDalihttp://www.blogger.com/profile/06868577716920232901noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-18183714.post-78005685968309176952007-12-18T11:39:00.000+08:002007-12-18T11:39:00.000+08:00neoh,no, he did say it himself, that he will try t...neoh,<BR/><BR/>no, he did say it himself, that he will try to evade tax as he think he can spend the money for the conomy much better than the government can... he also added that once he believe that the gov can spend money better than him, he will gladlay pay the prevailing tax rates without seeking ways and means to reduce his tax burdens...<BR/><BR/>if you are a bit cynical like me, he can say these things about going after the rich to force them to pay taxes because he already has one foot in the grave, he already pledged most of his wealth, he NEED NOT accumulate wealth or save on taxes anymore... as you get nearer to 100 years old, your priorities change...SalvadorDalihttps://www.blogger.com/profile/06868577716920232901noreply@blogger.comtag:blogger.com,1999:blog-18183714.post-72320035025015529362007-12-18T11:37:00.000+08:002007-12-18T11:37:00.000+08:00jitseng,I DON'T THINK THATS TRUE ANYWHERE IN THE W...jitseng,<BR/>I DON'T THINK THATS TRUE ANYWHERE IN THE WORLD .... If its 100k and below you may be paying 38% effectively on the whole sum, you cannot and will NEVER have a lower tax percentage for amounts higher than 100k and as it rises the rates also go up.. Buffett can pay an effective lower rates because there are numerous LOOPHOLES, TAX SHELTERS, ANNUITIES, GIFTS, OFFSHORE VEHICLES AS HOLDING COMPANIES, DEDUCTIBLE DONATIONS & INVESTMENTS etc... which allow him and other rich people to pay a lot less tax in percentage terms...SalvadorDalihttps://www.blogger.com/profile/06868577716920232901noreply@blogger.comtag:blogger.com,1999:blog-18183714.post-35267593469380093332007-12-18T11:30:00.001+08:002007-12-18T11:30:00.001+08:00>I wonder why he did not say this 10 years ago?!!I...>I wonder why he did not say this 10 years ago?!!<BR/><BR/>If he was to say this 10 years ago, somebody would be wondering why didn't he say this 11 years ago :)Green Bullhttps://www.blogger.com/profile/17320003047130567277noreply@blogger.comtag:blogger.com,1999:blog-18183714.post-68748460564317415872007-12-18T11:30:00.000+08:002007-12-18T11:30:00.000+08:00The lower %taxes that he means is refer to the tot...The lower %taxes that he means is refer to the total income as us taxes at lower bracket is high.for eg,1 st 100k tax at 40% subsequent at 15%.if you make 80k andu pay 32k while buffect make 180k and he pay 29% of his income.Unknownhttps://www.blogger.com/profile/06681975549918704375noreply@blogger.com