Buffett Calls Trump’s Bluff and Releases His Tax Data

43 points by ruler88 8 years ago | 0 comments
  • caminante 8 years ago
    Great gamesmanship from Buffett!

    The nuance is that Buffett's tax profile is largely a feature of how he makes money through investments and the relevant tax code. I'm betting that if Trump were to have a similar asset profile, Trump's results would be similar.

    From another article:

      "[Because BRK doesn't pay dividends, ...] the Treasury has been 
  getting exiguous tax revenue from one of its wealthiest citizens. 
  Buffett is virtually immune to higher individual income-tax rates, 
  while he promotes higher rates for other rich people, who may 
  have a net worth a hundredth of 1% (0.01%) of his own."[0]
    [0] http://www.barrons.com/articles/warren-buffetts-nifty-tax-lo...
    • ethbro 8 years ago
      Going to keep this neutral, but I don't believe Donald Trump's conduct either historical or current would support an expectation of his having donated almost 3B to charity last year. Or a plan to give the majority of his wealth to charity in his lifetime.

      Tax payments aside, those are very different results for me.

    • ry4n413 8 years ago
      Great, do his companies take advantage of this loophole?