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IWETHEY Home / IWETHEY Board / Money, Financials, and Economics Forum / He could do a lot better than 5 billion.
Post #346,287
by mmoffitt
8/17/11 10:17:29 AM
8/17/11 1:50:05 PM
Reply
New He could do a lot better than 5 billion.
If 6.9 million was only 17.4% of his "taxable income" (which, I take to mean his total income minus an inordinate amount of deductions), then his "taxable income" was north of 39 million. How about he sends in 20 billion? That would be less than 1/2 his net worth, leaving him 25 billion to help him through the tough times. I'm sure if he tries really, really, really, hard and tightens his belt a little, he can somehow survive on 19 million for the year. Seriously, these numbers would be laughable if they weren't so obscene.

Edit: Confusion of ideas. Too busy at work.
Collapse Edited by mmoffitt Aug. 17, 2011, 01:50:05 PM EDT
He could do a lot better than 5 billion.
If 6.9 million was only 17.4% of his "taxable income" (which, I take to mean his total income minus an inordinate amount to deductions), then his "taxable income" was north of 39 billion. How about he sends in 20 billion? I'm sure if he tries really, really, really, hard and tightens his belt a little, he can somehow survive on 19 billion for the year. Seriously, these numbers would be laughable if they weren't so obscene.
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Post #346,289
by drook
Picture of drook
8/17/11 11:11:03 AM
Reply
New Think you transposed m / b in there
--

Drew
Post #346,292
by beepster
8/17/11 1:13:33 PM
Reply
New Forget it, he's rolling...
Good time for an animal house reference
Sure, understanding today's complex world of the future is a little like having bees live in your head. But...there they are.
Post #346,293
by mmoffitt
8/17/11 1:47:34 PM
Reply
New Holy Crap!
That was sentence spaghetti! I had two thoughts going through my head as I wrote that, first, Buffet had about 40 million in taxable income. Second, his net worth is 45 Billion.
Post #346,299
by drook
Picture of drook
8/17/11 4:22:01 PM
Reply
New Hah!
Confusion of ideas. Too busy at work.

"Gee, sorry guys. I was too busy at work to pay sufficient attention to this non-work-related discussion I was trying to have."
--

Drew
Post #346,300
by mmoffitt
8/17/11 4:28:29 PM
Reply
New :0)
     Good call, Pat - (beepster) - (20) - Aug. 15, 2011, 05:12:12 PM EDT
         only wingnuts take that bigot seriously - (lincoln) - (17) - Aug. 15, 2011, 09:48:27 PM EDT
             because they already think they pay enuff? justa guess -NT - (boxley) - Aug. 15, 2011, 10:15:12 PM EDT
             cause they're not writing op-eds - (beepster) - (15) - Aug. 16, 2011, 06:59:34 AM EDT
                 Just checking - (drook) - (14) - Aug. 16, 2011, 07:42:40 AM EDT
                     nice try - (beepster) - (13) - Aug. 16, 2011, 08:02:57 AM EDT
                         Yes, I did ignore it - (drook) - (12) - Aug. 16, 2011, 09:32:12 AM EDT
                             Re: Yes, I did ignore it - (beepster) - (11) - Aug. 16, 2011, 07:05:55 PM EDT
                                 Buffett wasn't talking just about himself -NT - (drook) - (2) - Aug. 16, 2011, 10:14:46 PM EDT
                                     leadership is not just words -NT - (boxley) - Aug. 16, 2011, 10:17:28 PM EDT
                                     Re: Buffett wasn't talking just about himself - (beepster) - Aug. 17, 2011, 04:06:02 AM EDT
                                 It's called advocacy. - (Another Scott) - (7) - Aug. 17, 2011, 02:19:54 AM EDT
                                     Re: It's called advocacy. - (beepster) - (6) - Aug. 17, 2011, 04:13:23 AM EDT
                                         He could do a lot better than 5 billion. - (mmoffitt) - (5) - Aug. 17, 2011, 01:50:05 PM EDT
                                             Think you transposed m / b in there -NT - (drook) - (2) - Aug. 17, 2011, 11:11:03 AM EDT
                                                 Forget it, he's rolling... - (beepster) - Aug. 17, 2011, 01:13:33 PM EDT
                                                 Holy Crap! - (mmoffitt) - Aug. 17, 2011, 01:47:34 PM EDT
                                             Hah! - (drook) - (1) - Aug. 17, 2011, 04:22:01 PM EDT
                                                 :0) -NT - (mmoffitt) - Aug. 17, 2011, 04:28:29 PM EDT
         Actually, I had a close thought - (crazy) - Aug. 15, 2011, 10:06:52 PM EDT
         I was curious - (altmann) - Aug. 17, 2011, 05:13:13 PM EDT

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