2007-10-01 08:07:55 · 11 answers · asked by lu_dicrous 3 in Business & Finance ➔ Personal Finance
I would give 200k to aids and cancer research. Invest 700k in 304 different hedge funds and spend the remaining 100k in hooking myself, family and friends up.
2007-10-01 08:13:14 · answer #1 · answered by SAM 1 · 0⤊ 0⤋
Buffet doesn't earn his money from wages, he makes it from capital gains which is taxed at a lower rate. Any stock he sells has already been de-valuated from corporate taxes on earnings. This decreases his earnings and could be considered a tax he pays, but he fails to mention this. He also can control what and when he sells, which impacts when he has to pay taxes.You can raise his income tax rates but it will make little difference to him unless capital gains rates go up too. Raise capital gains rates and they will just not sell their assets or move them elsewhere. His office people payed more because they payed into Social Security and Medicare which boosted their rate. SS is capped at around $106,000. The way the govt. sells SS to the public, he would get a huge SS check if he payed in with no cap. The Middle class are the people that get crushed if tax rates go up. They are the people earning a wage that are trying to get rich. Buffet already made his money.
2016-05-18 02:29:02 · answer #2 · answered by ? 3 · 0⤊ 0⤋
I'd be willing to tie your hands behind your back and punch you in the face as hard as I can for a million bucks (non taxable, of course!).
2007-10-01 08:12:25 · answer #3 · answered by that_guy 5 · 0⤊ 0⤋
well that's really open ended!
I will continue on with my day. i will not play lotto i tried and i didn't win!
plus that is taxable!
so how about I'lls tart my own company
i can pick my nose
i can act like everyone else
What do you want me to do for the million smakers
2007-10-01 08:16:46 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Invest $900,000 on a persian account. they pay 12% annual interest 20% if you are Pursian. I am not but 12% would be a good return. That is $108,000 annually. I would use the other $100,000 on a vacation and tour the world.
2007-10-01 08:13:55 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Short of taking someone's life or causing serious bodily injury to myself or others...
There's not much I WOULDN'T do for a million dollars!
2007-10-01 08:11:24 · answer #6 · answered by Nasubi 7 · 0⤊ 0⤋
i'd eat a Klondike bar..what would i do for a Klondike bar? i'd find out how many licks it takes to get to the center of a tootsie-pop.
2007-10-01 08:10:36 · answer #7 · answered by Anonymous · 0⤊ 0⤋
A N Y T H I N G !
Long as it was cash in hand....
2007-10-01 09:42:24 · answer #8 · answered by graciouswolfe 5 · 0⤊ 0⤋
$10,000,000.00 USD (I am a Portfolio Manager)
2007-10-01 11:20:43 · answer #9 · answered by Anonymous · 0⤊ 0⤋
anything besides losing my dignity
2007-10-01 08:11:34 · answer #10 · answered by Anonymous · 0⤊ 0⤋