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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Wayners who wrote (779771)4/13/2014 10:42:45 PM
From: bentway  Read Replies (2) | Respond to of 1571903
 
"Remember Warren Buffet historically saying his Secretary pays more in taxes than he does."

As a percentage of income. Not as a dollar total.

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Warren Buffett's Actual Tax Rate Much Closer To 31%, While His Office Workers Pay 21%

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By George P. Harbison

forbes.com

"Given his ownership stake in Berkshire, 33.9% of the $4.77 billion in federal corporate taxes, or $1.61 billion were borne by Buffett. Buffett ignored this tax amount in compiling his “federal tax rate” analysis. If Buffett’s share of corporate taxable income and corporate taxes paid are factored into his analysis, his overall “federal tax rate” increases from by 7.56 percentage points, from 17.4% to 24.96%."