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"Right now, Warren Buffett pays a lower tax rate than his secretary -- an outrage he has asked us to fix," he said. "We need a tax code where everyone gets a fair shake and where everybody pays ...
Distribution of average tax rates including individual income tax and employee payroll tax. The Buffett Rule is named after American investor Warren Buffett, who publicly stated in early 2011 that he believed it was wrong that rich people, like himself, could pay less in federal taxes, as a portion of income, than the middle class, and voiced support for increased income taxes on the wealthy. [5]
Yet a whopping 25% of them paid federal taxes at a rate of less than 10% (compared to the standard 35% corporate tax rate). And 30 of these companies paid absolutely no income tax on their profits ...
The Buffett Rule is a principle named for billionaire investor Warren Buffett who famously expressed concern that his effective tax rate is lower than his secretary’s because of tax rules that ...
Warren Buffett Explains One Reason Why the Rich Pay Lower Tax Rates Than the Middle Class. Billionaire investor Warren Buffet is known for saying that he pays less tax as a percentage than his ...
Many billionaires famously pay less in taxes as a percentage of their income than middle-class people. Why Warren Buffett and other billionaires pay less tax than you Skip to main content
Warren Buffett is one of the richest people on the planet, with an estimated net worth of $115 billion, according to Bloomberg. Next: How To Avoid Paying Taxes Legally -- and the 11 Craziest Ways...
Famed investor Warren Buffett recently floated a proposal at the 2024 Berkshire Hathaway Annual Meeting that could result in consumers not having to "pay a dime of federal taxes." Find Out: 7 Tax...