Quote:
Originally Posted by jcyuhn
Buffet derives the majority of his income as dividends from Berkshire-Hathaway. Dividend income is taxed at 15%. However, B-H paid the 35% corporate tax rate on profits before distributing them as dividends. Hence the money is taxed twice at a net overall rate of approximately 45%.
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Actually, he gets NO dividends from Berkshire Hathaway. BH does not pay a dividend. All of their earnings are plowed back into buying more businesses. His large income os from stocks he owns outside of his BH shares.
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OBK #55
1998 Lincoln Continental - Sold
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09-20-2011, 04:09 PM
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