Warren Buffett, the billionaire, pays himself $50,000 a year in order to avoid the higher tax rate of 39.6% on personal income.
With the multiple mansions, jets and entire islands that Buffett owns, how does a billionaire live on $50,000 a year?
Simple, his investment income--probably in the hundreds of millions--is taxed at a paltry 12 percent. That's the tax loophole for CEOs and hedge fund managers that Trump wants to eliminate.
The IRS doesn't give me a break. So, I say go for it Donald!
If Club for Growth wants to call that liberal? Then call me liberal.