Category Archive 'taxes'

Lunch with Buffett for $2.1M? The two sides of generosity

- Lifestyle, Money Makeover, Smart Habits, budgeting, corporate governance, spending habits, taxes -

You all love Warren Buffett, right? Would you pay $2.1 million to have lunch with the oracle of Omaha like this Chinese investment manager who decided to pick up the tab by taking part in a high-stakes online charity auction?

Zhao Danyang, 36, will have lunch with the US billionaire at a Smith and Wollensky steakhouse restaurant in New York. He can bring seven friends to enjoy Buffett’s company for, oh, maybe two hours. Three hours max… maybe.
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By Salve
8 Comments | Permalink

05.12.07

Where’s the logic in taxing senior citizens’ deposits?

- taxes -

We got a very interesting question from a reader and Noet Ravalo has answered it in his column today.

I am now 69 years old and still working. But my saving is only P100,000. Will the government continue to impose tax on my saving in the bank? Where is the logic here? — Rose

Most people have mixed feelings about taxes. From an intellectual standpoint, we all know that if the government stops collecting taxes tomorrow, for example, life as we know it will drastically change. But on a personal level, who wants to pay more taxes?

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By Salve
13 Comments | Permalink

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