I doubt Buffet pays top rate. When you own companies you can shift your expenses nicely on to the corporate expenses, so at a stroke reducing your net income and the company’s net income (thereby reducing taxes) yet living at the same quality of life...
I doubt Buffet pays top rate.
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See my post #9. Buffets salary and director fees income is less than $200,000, so I don’t think he pays the top rate either, and I also doubt the “Buffet Rule” would impact him in any material way.