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From: danny burstein on 16 Jun 2010 12:36

In <QqWdnRthA_BEZ4XRnZ2dnUVZ_rCdnZ2d(a)earthlink.com> Kurt Ullman <kurtullman(a)yahoo.com> writes:
>>
>> Warren Buffet's secretary pays more taxes by percentage than he does and
>> that's just one example.

> n still equal to 1.

Hey, if I were a gazillionaire, I could easily set up
my portfolio so that I'd pay zero [a] in taxes.

A simple investment in "triple tax free municipal bonds",
or a similar purchase, would pay off without a single
cent going to taxes.

Of course the yield I'd be getting on those bonds
would be just a fraction of what regular, taxable,
ones would be giving.

[a] I'm not sure how the AMT works in this regard...

--
_____________________________________________________
Knowledge may be power, but communications is the key
dannyb(a)panix.com
[to foil spammers, my address has been double rot-13 encoded]

From: NotMe on 16 Jun 2010 12:38

"Kurt Ullman" <kurtullman(a)yahoo.com> wrote in message
news:QqWdnRthA_BEZ4XRnZ2dnUVZ_rCdnZ2d(a)earthlink.com...
> In article <hvat2i$126$1(a)news.eternal-september.org>,
> "NotMe" <me(a)privacy.net> wrote:
>
>> "amdx" <
>> >
>> > The top 5% of wage earners pay 60% of all federal taxes,
>> >
>> > 50% of wages earners pay no federal taxes.
>> >
>>
>> Warren Buffet's secretary pays more taxes by percentage than he does and
>> that's just one example.
>
> n still equal to 1.

Which means what exactly?

From: Kurt Ullman on 16 Jun 2010 13:26

In article <hvavdr$b93$1(a)news.eternal-september.org>,
"NotMe" <me(a)privacy.net> wrote:

> "Kurt Ullman" <kurtullman(a)yahoo.com> wrote in message
> news:QqWdnRthA_BEZ4XRnZ2dnUVZ_rCdnZ2d(a)earthlink.com...
> > In article <hvat2i$126$1(a)news.eternal-september.org>,
> > "NotMe" <me(a)privacy.net> wrote:
> >
> >> "amdx" <
> >> >
> >> > The top 5% of wage earners pay 60% of all federal taxes,
> >> >
> >> > 50% of wages earners pay no federal taxes.
> >> >
> >>
> >> Warren Buffet's secretary pays more taxes by percentage than he does and
> >> that's just one example.
> >
> > n still equal to 1.
>
> Which means what exactly?

Stat saying noting that a study with an "n" (as in number) equal to one
is useless. Think of it as anecdote is the not the singular of data.

--
I want to find a voracious, small-minded predator
and name it after the IRS.
Robert Bakker, paleontologist

From: amdx on 16 Jun 2010 15:12

From: NotMe on 16 Jun 2010 15:43

"Kurt Ullman" <kurtullman(a)yahoo.com> wrote in message
news:JcydnWrrxq-xlITRnZ2dnUVZ_r-dnZ2d(a)earthlink.com...
> In article <hvavdr$b93$1(a)news.eternal-september.org>,
> "NotMe" <me(a)privacy.net> wrote:
>
>> "Kurt Ullman" <kurtullman(a)yahoo.com> wrote in message
>> news:QqWdnRthA_BEZ4XRnZ2dnUVZ_rCdnZ2d(a)earthlink.com...
>> > In article <hvat2i$126$1(a)news.eternal-september.org>,
>> > "NotMe" <me(a)privacy.net> wrote:
>> >
>> >> "amdx" <
>> >> >
>> >> > The top 5% of wage earners pay 60% of all federal taxes,
>> >> >
>> >> > 50% of wages earners pay no federal taxes.
>> >> >
>> >>
>> >> Warren Buffet's secretary pays more taxes by percentage than he does
>> >> and
>> >> that's just one example.
>> >
>> > n still equal to 1.
>>
>> Which means what exactly?
>
> Stat saying noting that a study with an "n" (as in number) equal to one
> is useless. Think of it as anecdote is the not the singular of data.

No one claimed it was a study or a statistic or that it was unique. It's a
fact and more common than many would suspect.

I know personally a number of people that have gross income in excess of
$250K and pay no income tax legitimately. Their employees OTOH do pay taxes
and given the numbers presented by Buffet himself they pay more as a % of
income than Buffet.

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