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Unread 10-05-2012, 06:37 PM   #25 (permalink)
Saint DH
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Clearly you have little understanding how the tax code works. He only pays 13% of personal income tax. The dividends from which his income is derived was already taxed at 35%, so technically his income is taxed at a rate of 48%. It's actually probably even higher if you factor in state and local taxes.

There is a reason why dividends are only taxed at 15%, and that is the reason.
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