Warren Buffet

[IAG]

giving 1 billion dollars for perfect NCAA tourney bracket.

 

[roguejuror]

jamaican bobsled team makes it sochi

 

[Matty]

What a strange thing to do.

 

[simpleandy]

They said on the radio this morning that the chances of having a perfect bracket are the same as hitting the powerball 3 times in a row

 

[simpleandy]

You are 50,000 times more likely to get hit with a meteor than to have a perfect bracket

 

[kato]

like a 1 in one trillion chance

good publicity for buffett and gilbert

like the lords of the manor giving the little people a chance

 

[Matty]

But he's (predictably) catching all sorts of flak from the humanitarian, save-the-world crowd who don't understand the outrageous mathematics behind the proposition.

Give the billion to the poor!

 

[kato]

those people can fuck right off

 

[reno cool]

they figure the public is dumb. And why shouldn't they, the public lets them get away with murder and they know it.

Wasn't Buffet the one laughing at how guys like him are ridiculously under taxed or something?

 

[Matty]

Wasn't Buffet the one laughing at how guys like him are ridiculously under taxed or something?

Yeah. He was actually calling for higher taxes for peeps like him.

 

[kato]

too bad berkshire hathway is behind on their tax payments

 

[kato]

buffet only makes the majority of his income off of capital gains

currently taxed @

Qualified dividends and long term capital gains are taxed at 0% for those in the 10% and 15% income tax brackets.
Ordinary dividends are taxed at the taxpayer's ordinary income tax rate, regardless of his or her tax bracket. Qualified dividends are taxed at a lower rate.
The long-term capital gains tax rate is 15% (0% for taxpayers in the 10% and 15% tax brackets, and 20% for taxpayers in the 39.6 bracket)

 

[IAG]

I think he has partnered up with Quicken on this. Is that who you mean when you say Gilbert Matty?

Pretty sure Buffet gives a lot to charity. He lives in a very modest home near Omaha...like VERY modest. I want to say around $200,000
That may have changed. .

 

[kato]

i think matty meant that, iag

 

[shdw01]

Yeah, this is getting too much publicity....just what Buffet wanted....genius...

I think the only thing that is worth mentioning is the top 20 "imperfect" brackets will get $100,000 each.

 

[IAG]

Yeah, this is getting too much publicity....just what Buffet wanted....genius...

I think the only thing that is worth mentioning is the top 20 "imperfect" brackets will get $100,000 each.

Shadow..you going to be able to go in chat in an hour or so? Now I have another question....regarding IRS saying that they have no record of me filing in 2008 and 2009. What recourse do I have against my preparer? Don't answer here..we'll chat...but I have a few things to do first.

 

[Matty]

Ohio Mother: I Am Disgusted And Saddened By Warren Buffett's Billion Dollar Bracket Challenge

http://www.businessinsider.com/grandmother-angered-by-bracket-challenge-2014-1

:

 

[kato]

bitch

Why couldn’t Mr. Buffett’s organization instead of giving a billion dollars to one lucky person for something as frivolous as a basketball bracket (and I had three sons that played the game and love it) could help LOTS of families that struggle to always do the right thing and never seem to get a break on the hardwood court of life.