Replies to post #5238 on In Zeev's Honor, Plan the Trade and Trade the Plan

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Correct. My short-hand was not clear on that point.

As far as Warren Buffet is concerned, he actually pays negative taxes: the billions that he got from the bailouts was several hundred or thousand times his income tax payment amount. Not only WellesFargo and GoldmanSachs (both of which Buffet has significant ownership) bailouts, but the heavily leverage SP future puts that Berkshire Heatherway underwrote would have bankrupted the company in the fall of 2008 if not for massive government money printing to levitate the market indices.