The large majority of Warren Buffett's personal wealth is linked to his ownership of Berkshire Hathaway stock. Required filings indicate he holds about $50 billion in company shares. Interestingly, Berkshire shares pay no dividends. So, as long as Buffett holds his shares, his great wealth is largely shielded from taxes. His latest tax proposal would not expose him to any significant new taxes, not at his famously modest salary, certainly not as a percentage of his wealth.
Who among us believes that with new tax codes -- even if constructed in some manner to extract $1 billion annually from Buffett (2 percent of his wealth) -- our federal government would use those tax dollars to create even a small fraction of the jobs, national income and future taxes that Buffett would if he retained the taxes?-- Brad Reid, Fort WorthHave more to add? News tip? Tell us
