Charlie Munger Quotes About Taxes

• We don't have any miraculous way of avoiding taxes at Wesco and Berkshire.

  Charlie Munger

  Way, Taxes, Avoiding

  Charlie Munger's comments on Wesco and Berkshire Hathaway at the 2001 Wesco Financial Annual Meeting, www.tilsonfunds.com. May 2, 2001.

• Even if you assume that the whole economy would work better had we never had double taxation, having the envy and resentment of the richest paying low or no taxes screams of injustice. You have to have a fair system.

  Charlie Munger

  Envy, Taxation, Resentment

  Charlie Munger's advice on life and other at the 2003 Berkshire Hathaway Annual Meeting, www.tilsonfunds.com. May 3, 2003.

• Spend less than you make; always be saving something. Put it into a tax-deferred account. Over time, it will begin to amount to something. This is such a no-brainer.

  Charlie Munger

  Saving, Taxes, Accounts

  "4 Steps To Getting Rich From Warren Buffett's Right-Hand Man" by Chuck Saletta, www.businessinsider.com. May 31, 2013.

• Si vas a comprar algo que se capitaliza durante 30 años al 15% anual y pagas un impuesto del 35% al final, después de impuestos te quedas con el 13,3% anual. En cambio, si compramos la misma inversión, pero tenemos que pagar cada año un 35% de impuestos sobre el 15% que ganamos, el rendimiento será del 15% menos el 35% del 15%, es decir, sólo el 9,75% anual compuesto. Así que la diferencia es de más del 3,5%. Y lo que el 3,5% hace a las cifras durante largos periodos de tenencia, como 30 años, es realmente revelador.

  Charlie Munger

  Eye, Years, Differences

• I think the idea that the hedge fund manager gets lower taxes than the taxi driver or the physics professor is insane. The legislators who leave that policy in place are derelict in their duties to be rational and fair. There are plenty of them in both political parties. It's totally outrageous.

  Charlie Munger

  Fiesta, Pensamiento, Ideas

• ...in terms of business mistakes that I've seen over a long lifetime, I would say that trying to minimize taxes too much is one of the great standard causes of really dumb mistakes. I see terrible mistakes from people being overly motivated by tax considerations. Warren and I personally don't drill oil wells. We pay our taxes. And we've done pretty well, so far. Anytime somebody offers you a tax shelter from here on in life, my advice would be don't buy it.

  Charlie Munger

  Mistake, Oil, Long

• I talked to one accountant, a very nice fellow who I would have been glad to have his family marry into mine. He said, "What these other accounting firms have done is very unethical. The [tax avoidance scheme] works best if it's not found out [by the IRS], so we only give it to our best clients, not the rest, so it's unlikely to be discovered. So my firm is better than the others." [Laughter] I'm not kidding. And he was a perfectly nice man. People just follow the crowd...Their mind just drifts off in a ghastly way.

  Charlie Munger

  Laughter, Nice, Men

• You'll better understand the evil when top audit firms started selling fraudulent tax shelters when I tell you that one told me that they're better [than the others] because they only sold [the schemes] to their top-20 clients, so no-one would notice.

  Charlie Munger

  Evil, Shelter, Clients

• Los abogados han escapado a la mayoría de las críticas [y sin merecerlo]. Los refugios fiscales [fueron aprobados por abogados, que cobraron enormes comisiones por hacerlo] y cada malhechor tenía a su lado a un abogado de altos vuelos. ¿Por qué no hay más bufetes de abogados que votan con los pies y no aceptan clientes con carteles que dicen: "Soy una mofeta y será difícil manejarme"? Me he dado cuenta de que los bufetes que evitan los problemas durante largos periodos de tiempo tienen un proceso institucional que excluye a los malos clientes. Si yo dirigiera un bufete, me gustaría tener un sistema así, porque muchos bufetes tienen muchos malos clientes.

  Charlie Munger

  Running, Boys, Law

• The tax code gives you an enormous advantage if you can find some things you can just sit with.

  Charlie Munger

  Giving, Advantage, Enormous

También te puede gustar:

Warren Buffett

Benjamin Graham

Bill Ackman

Jared Fogle

Mohnish Pabrai

Seth Klarman

Satya Nadella