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View Diary: 15% Rule (29 comments)

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  •  Agreed... (2+ / 0-)
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    ban nock, thanatokephaloides

    ...but typically if you're earning, say $150k, you're working for a company or self-employed paying regular tax at >15%.  If you're on $500k then you are able to dodge a lot of tax.  Buffett pays around 17% but he could pay less if he wanted...

    I'm all for people on lower incomes running (and wouldn't be subject to the rule). but people like me? Above a certain level, I should pay a bare minimum of tax even if I could legally dodge it...

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