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HKim0072
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Comments by "HKim0072" (@HKim0072) on "" video.
This is all bullshit because we don't know the details. Most likely, these NOL were not personal losses and his money, but the banks money. Trump took advantage of an loophole that was closed in 2002 (most likely).
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Did you read the article? It's a one sided piece. Here's what the writer is twisting: Trump's NOL was most likely a bank loss, not his own personal loss, but unlike BRK, Trump's records are all private. 1- Author is bitching about why BRK doesn't pay him a higher salary and why he hasn't cashed in more stock. What a fucking joke. Buffett is frugal and doesn't need the billion+ cash payout. "What is astounding about those numbers is not the 17.3% tax rate, but that Buffett’s $39.8 million of taxable income is only about 0.05% of his reported net worth" 2- Author is saying that dividend payout is better than reinvesting into BRK. You only pay out dividends if you think you can't make a higher return internally. Another stupid comment. "HOW MUCH TAX is Warren Buffett able to avoid by fixing Berkshire’s dividend at zero?" 3- Author adding in mumbo jumbo to confuse readers on accounting treatments of revenue. Gives no basis on how BRK is getting around paying taxes on this part. "FOR 2014, BERKSHIRE ITSELF recorded a provision for $7.9 billion in taxes, most of which was “deferred.” 4- KEY WORD = MIGHT. Author can't even say one way or the other. "LAST YEAR, Berkshire entered into what became known as a “cash-rich split-off” that, according to the New York Times, might have allowed it to avoid $1 billion in taxes."
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