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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]
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...
Over the past few months, as President Obama and congressional Republicans have battled over taxes, spending cuts and the deficit, billionaire Warren Buffett has repeatedly been cited -- both as a ...
In 2011, the Congressional Research Service said the current U.S. tax system violates the Buffett rule as “roughly a quarter of all millionaires (about 94,500 taxpayers) face a tax rate that is ...
"Right now, Warren Buffett pays a lower tax rate than his secretary -- an outrage he has asked us to fix," he said. ... In an interview with Charlie Rose, Buffett hinted that a similar plan could ...
On PBS, Jamie Dimon described the Buffett Rule as a good idea for clamping down on US debt. It says richer households shouldn't pay taxes on a smaller share of income than middle-class ones.
Even now, Buffett has wise investment advice for investors seeking to shield their wealth and even grow it while keeping their tax obligations low. Here are some of his top investing strategies ...
With an estimated net worth of $117 billion, Warren Buffett, the CEO of Berkshire Hathaway (BRK-B), has built a tremendous financial empire. In fact, on August 30, Berkshire Hathaway’s stock hit ...