A recent article in Barron’s recounts an interview with Arthur Laffer, an economist, who gained notoriety in 1974 by illustrating on a napkin his view on the relationship between growth and taxes while dining with President Gerald Ford, Donald Rumsfeld and Dick Cheney. Here are some highlights: Regarding whether he has updated or edited his tax models, Laffer said that while wages and taxes change, the principles don’t change, “and the principles are what’s really… Read More
A periodic look through the archives of the greatest investor in history In Berkshire Hathaway’s 1979 Letter to Shareholders, Warren Buffett talked about the impact that inflation and taxes can have on an equity portfolio and a business. Below is an excerpt from the letter.
A periodic look through the archives of the greatest investor in history In Berkshire Hathaway’s 1989 Letter to Shareholders, Warren Buffett talked about why Berkshire’s long-term approach has some nice tax-related benefits. Below is an excerpt from the letter.
Often times, investors overlook a key part of portfolio management when buying and selling stocks: tax impact. But in a recent research report, quantitative investing guru James O’Shaughnessy’s firm offers some tips for how to minimize Uncle Sam’s impact on your portfolio.
With the federal government running huge deficits, Warren Buffett says it’s time to raise taxes on the wealthy — who, he says, often end up paying much lower tax rates than working-class Americans. And, he says, doing so won’t drive wealthy investors away from stocks, as some argue. “I have worked with investors for 60 years and I have yet to see anyone — not even when capital gains rates were 39.9 percent in 1976-77… Read More