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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]
Buffett stated that he only paid 19% of his income for 2006 ($48.1 million) in total federal taxes (due to their source as dividends and capital gains) while his employees paid 33% of theirs, despite making much less money. [205]
Asked at Saturday's shareholder meeting why Berkshire Hathaway sold 115 million shares in Apple stock over the past quarter, Buffett warned it may have to pay higher corporation tax.
Not only do mega-billionaires like Musk, Warren Buffett, Jeff Bezos, Larry Ellison and Bill Gates pay the full amount of Social Security taxes in practically no time at all. Even folks who are ...
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...
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
Photo by: thetaxhaven Warren Buffett may be a fan of higher personal income taxes on the ultra-wealthy, but when it comes to Berkshire Hathaway , he's all about tax avoidance. On Berkshire's ...