|
East of Broken Bow | Depends on how the corporation is set up.
Warren Buffet's Berkshire Hathaway is set up so that profits go back into the corporation as unrealized capital gains, which are not taxed until they are realized, allowing it to accumulate immense wealth tax free (the accumulation of it, not the distribution of it).
Rockefeller rolled profits into trusts, and didn't pay taxes on that income. Has his family set pretty well for 13 generations by doing that. | |
|
Are high wage earners paying enough taxes?
