Warren Buffet

How does he get away with paying a lesser tax rate than his secretary? Can this be done with crypto? I'm a Leaf

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kek - its a psy op from the largest shareholder of Wells Fargo


Most of his wealth in his equity, he takes home a small salary and the rest in dividends.

All of the companies he owns pays more taxes than his fucking secretary - he is just leaving that part out and trying to get you to believe that voting for Democrats is in your interest because he probably fucks babies

>he probably fucks babies
100%

He takes a small fiat salary and then the rest is payment-in-kind of convertible stock options which he deems to be undervalued.

You still pay taxes on payments in kind, but you report the fair market value at the time you received it and like any security don't pay taxes on unrealized gains (read: never cash out anything, ever).

Example:
I own company A and company B. On year 1 day 1 I notice that company A is trading at $1, well below my perceived value of the stock. Confident that it will increase I pay myself a salary of several exercisable stock options at am execution price of $1. On year 1 day 2 the stock rises to $2. I exercise my stock options and have an unrealized 2x gain, then do my taxes and report an in-kind income of (number of options)×$1.

On year 2 day 1 I notice that it is now B company trading below fair value. This year I will pay myself in-kind with option's for company B.

At the end of the two years I have an unrealized gain several times higher than my reported income without having to make any trades or move any liquidity around.

How the fuck is he still alive?

Yes just don’t pay taxes

He and his rich friends sacrifice orphans and drink their Adrenalin filled blood. That's what the whole blood sacrifice thing is from. It's a short term fountain of youth.

look up adrenochrome if you think it's a larp.

Ok all sickos please leave this post. You're disgusting

Ok, I don't get it. What is a payment in-kind? And can this be done with crypto?

Cause he's rich