senseinobaka on 20 October 2008
| theprof00 said: wasn't warren buffet upset last year because all he paid was 17%? What is all this about "the lowest it has ever been was 27"? |
Warren Buffet doesnt have taxable income, he lives off his earnings and assets. That means the only tax he pays are capital gains and sales.
If Buffet did have taxable income he would pay the higher tax rate.
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