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This page contains all of the posts and discussion on MemeStreams referencing the following web page: Dividend Voodoo ( You can find discussions on MemeStreams as you surf the web, even if you aren't a MemeStreams member, using the Threads Bookmarklet.

Dividend Voodoo (
by Mike the Usurper at 1:29 am EDT, May 21, 2003

When Warren Buffet, formerly the richest man in America (he's down to #2 on the list at 30+ BILLION dollars) says this...

] Now the Senate says that dividends should be tax-free to
] recipients. Suppose this measure goes through and the
] directors of Berkshire Hathaway (which does not now pay a
] dividend) therefore decide to pay $1 billion in dividends
] next year. Owning 31 percent of Berkshire, I would
] receive $310 million in additional income, owe not
] another dime in federal tax, and see my tax rate plunge
] to 3 percent.
] And our receptionist? She'd still be paying about 30
] percent, which means she would be contributing about 10
] times the proportion of her income that I would to such
] government pursuits as fighting terrorism, waging wars
] and supporting the elderly. Let me repeat the point: Her
] overall federal tax rate would be 10 times what my rate
] would be.

I certainly hope someone is listening.

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