The real story here is that through I Am A Simple Woman Love Camping Sunflower Shirt compensation via stocks rather than a salary. Billionaires are able to secure billion-dollar loans and other lines of credit. This is achieved by using their stocks as collateral. The interest they have to pay on these loans dramatically decreases the amount they owe in taxes. Also, the sale of stock has a markedly lower tax rate than a similarly priced annual salary. For example, when you buy something with a credit card or make a mortgage payment. You often would pay that with the money in your checking or savings account.
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That money has already been taxed before being sent to you via I Am A Simple Woman Love Camping Sunflower Shirt direct deposit. The ultra-rich don’t do it that way. Rather, they sell a tiny fraction of their stock assets to pay off the interest on those loans. That interest serves to reduce their owed taxes, AND they don’t pay as much tax for the sale of stock. So what do we do? Obviously, his income tax rate of 18% is a lot less than what most people pay and he should pay significantly more. Being Buffet, I’d hazard a guess that his wealth increase comes from the increase in the value of Berkshire Hathaway, his company.
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