Warren Buffett, a vocal advocate of higher income taxes on the rich, paid just 0.1%--a reflection of how little income he realized compared to his wealth.
With issues of wealth inequality and tax avoidance by the ultra-rich front and center in Washington, a
ProPublica’s “true tax rate” is a novel and sure-to-be controversial measure of how much taxes an individual paid each year compared to’ calculation of how much their wealth grew during the same time, meaning that ProPublica is counting unrealized capital gains, which are not taxed under the current U.S. Tax Code.an advocate of higher taxes on the rich
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